Brokerages Expect Zumiez Inc. (NASDAQ:ZUMZ) to Announce -$0.07 Earnings Per Share

Wall Street analysts forecast that Zumiez Inc. (NASDAQ:ZUMZ) will post ($0.07) earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Zumiez’s earnings. Zumiez reported earnings of ($0.03) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 133.3%. The business is expected to announce its next earnings results on Thursday, September 14th.

On average, analysts expect that Zumiez will report full-year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.77 to $1.00. For the next financial year, analysts anticipate that the firm will report earnings of $1.03 per share, with EPS estimates ranging from $0.85 to $1.09. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Zumiez.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The firm had revenue of $181.20 million during the quarter, compared to analyst estimates of $179.35 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year.

A number of equities research analysts recently commented on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 target price on shares of Zumiez in a report on Monday, May 15th. Zacks Investment Research raised Zumiez from a “sell” rating to a “hold” rating in a report on Friday, May 12th. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 target price on shares of Zumiez in a report on Thursday, April 27th. Finally, ValuEngine downgraded Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.50.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of Zumiez during the fourth quarter valued at $1,510,000. State Board of Administration of Florida Retirement System boosted its position in shares of Zumiez by 15.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 18,506 shares of the apparel and footwear maker’s stock valued at $404,000 after buying an additional 2,470 shares in the last quarter. Comerica Bank boosted its position in shares of Zumiez by 5.8% in the fourth quarter. Comerica Bank now owns 18,762 shares of the apparel and footwear maker’s stock valued at $372,000 after buying an additional 1,032 shares in the last quarter. State Street Corp boosted its position in shares of Zumiez by 44.8% in the fourth quarter. State Street Corp now owns 553,880 shares of the apparel and footwear maker’s stock valued at $12,099,000 after buying an additional 171,364 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Zumiez during the fourth quarter valued at $415,000. Institutional investors own 85.11% of the company’s stock.

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Zumiez (NASDAQ ZUMZ) traded down 3.13% during midday trading on Tuesday, hitting $12.40. 243,270 shares of the stock traded hands. The stock has a market cap of $312.44 million, a PE ratio of 13.07 and a beta of 1.21. The company has a 50-day moving average of $12.47 and a 200-day moving average of $16.60. Zumiez has a 12 month low of $11.60 and a 12 month high of $26.55.

About Zumiez

Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.

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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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