Zumiez (NASDAQ:ZUMZ) Updates Q4 2024 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.830-0.930 for the period, compared to the consensus estimate of 1.010. The company issued revenue guidance of $284.0 million-$288.0 million, compared to the consensus revenue estimate of $283.5 million. Zumiez also updated its Q4 guidance to $0.83-0.93 EPS.

Zumiez Stock Up 10.8 %

Shares of Zumiez stock traded up $2.18 on Friday, hitting $22.34. The stock had a trading volume of 737,009 shares, compared to its average volume of 205,483. Zumiez has a 52-week low of $12.90 and a 52-week high of $31.37. The company’s 50 day moving average price is $21.84 and its 200 day moving average price is $22.17.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $222.50 million during the quarter, compared to the consensus estimate of $222.06 million. Zumiez had a negative return on equity of 3.52% and a negative net margin of 6.02%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) earnings per share. Equities research analysts expect that Zumiez will post 0.07 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley upped their target price on shares of Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, September 6th.

Insider Buying and Selling

In related news, Director Liliana Gil Valletta sold 3,283 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $21.85, for a total transaction of $71,733.55. Following the transaction, the director now owns 15,002 shares of the company’s stock, valued at $327,793.70. This represents a 17.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 20.30% of the company’s stock.

Zumiez Company Profile

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.