Zumiez Inc reports results for the quarter ended in April - Earnings Summary

Zumiez

06/06/2024 22:01

* Zumiez Inc  ZUMZ.OQ  reported a quarterly adjusted loss
of 86
cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of -96
cents.  The mean expectation of four analysts for the quarter
was for a loss of $1.15 per share. Wall Street expected
results to range from $-1.17 to $-1.12 per share.
    * Revenue fell 3% to $177.39 million from a year ago;
analysts
expected $171.47 million. 
    * Zumiez Inc's reported EPS for the quarter was a loss of 86
cents​.
    * The company reported a quarterly loss of $16.78 million.
    * Zumiez Inc shares had risen by 27.3% this quarter and
lost 5.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 239.2% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "hold"

Wall Street's median 12-month price target for Zumiez Inc is
$15.00 
This summary was machine generated from LSEG data June 6 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      -1.15          -0.86          Beat
 Jan. 31 2024      0.26           -1.73          Missed
 Oct. 31 2023      -0.18          -0.12          Beat
 Jul. 31 2023      -0.67          -0.44          Beat