Zacks: Brokerages Anticipate Zumiez Inc. (NASDAQ:ZUMZ) to Announce $0.07 EPS

Wall Street brokerages predict that Zumiez Inc. (NASDAQ:ZUMZ – Get Rating) will post earnings per share of $0.07 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Zumiez’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.10. Zumiez reported earnings of $1.03 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 93.2%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Zumiez will report full year earnings of $4.73 per share for the current fiscal year, with EPS estimates ranging from $3.68 to $5.12. For the next financial year, analysts expect that the business will report earnings of $5.71 per share, with EPS estimates ranging from $5.33 to $6.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Zumiez.

Zumiez (NASDAQ:ZUMZ – Get Rating) last issued its quarterly earnings results on Thursday, March 10th. The apparel and footwear maker reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.10). Zumiez had a return on equity of 22.30% and a net margin of 10.08%. The firm had revenue of $346.70 million during the quarter, compared to analysts’ expectations of $353.18 million. During the same quarter in the prior year, the firm earned $1.68 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year.

A number of research analysts recently issued reports on ZUMZ shares. Seaport Res Ptn reiterated a “neutral” rating on shares of Zumiez in a research note on Tuesday, January 18th. Zacks Investment Research downgraded shares of Zumiez from a “buy” rating to a “hold” rating and set a $42.00 price objective for the company. in a research report on Friday, April 22nd. B. Riley reduced their price objective on shares of Zumiez from $56.00 to $48.00 in a research report on Friday, March 11th. Finally, StockNews.com upgraded shares of Zumiez from a “hold” rating to a “buy” rating in a research report on Tuesday, May 10th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.80.

Shares of Zumiez stock opened at $34.21 on Friday. Zumiez has a 52-week low of $32.15 and a 52-week high of $55.10. The company has a 50 day moving average of $39.02 and a 200 day moving average of $43.64. The company has a market capitalization of $664.91 million, a P/E ratio of 6.95 and a beta of 1.55.

In other news, insider Chris K. Visser sold 8,888 shares of Zumiez stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $41.78, for a total value of $371,340.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 23.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Zumiez in the 1st quarter valued at $4,914,000. Ergoteles LLC purchased a new stake in shares of Zumiez in the first quarter valued at about $791,000. Aviva PLC purchased a new stake in shares of Zumiez in the first quarter valued at about $2,038,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Zumiez by 4.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,838 shares of the apparel and footwear maker’s stock valued at $643,000 after acquiring an additional 672 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Zumiez by 54.6% in the first quarter. MetLife Investment Management LLC now owns 11,362 shares of the apparel and footwear maker’s stock valued at $434,000 after acquiring an additional 4,012 shares in the last quarter. 81.84% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Company Profile (Get Rating)

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of February 26, 2022, the company operated 738 stores, including 602 stores in the United States, 52 stores in Canada, 67 stores in Europe, and 17 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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