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

Zumiez

30/11/2023 22:02

* Zumiez Inc  ZUMZ.OQ  reported a quarterly adjusted loss
of 12
cents​​ per share for the quarter ended in October, lower than
the same quarter last year, when the company reported EPS of 36
cents.  The mean expectation of four analysts for the quarter
was for a loss of 18 cents per share. Wall Street expected
results to range from -20 cents to -17 cents per share.
    * Revenue fell 8.9% to $216.34 million from a year ago;
analysts
expected $213.58 million. 
    * Zumiez Inc's reported EPS for the quarter was a loss of 12
cents​.
    * The company reported a quarterly loss of $2.23 million.
    * Zumiez Inc shares had risen by 6.8% this quarter and
lost 12.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 173.9% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * Wall Street's median 12-month price target for Zumiez Inc
is
$17.00 

This summary was machine generated from LSEG data November 30 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      -0.18          -0.12          Beat
 Jul. 31 2023      -0.67          -0.44          Beat
 Apr. 30 2023      -0.86          -0.96          Missed
 Jan. 31 2023      0.49           0.59           Beat