Zumiez Inc. (ZUMZ - Free Report) just released its third-quarter financial results, posting earnings of $0.48 per share and revenues of $245.8 million. Currently, Zumiez is a Zacks Rank #2 (Buy) and is down 7.11% to $22.25 per share in after-hours trading shortly after its earnings report was released.
ZUMZ:
Matched earnings estimates. The company posted earnings of $0.48 per share, matching our earnings estimates of $0.48 per share.
Beat revenue estimates. The company saw revenue figures of $245.8 million, topping our consensus estimate of $242.88 million.
Zumiez third-quarter revenues popped 11% year-over-year. The chain’s comparable sales jumped 7.9% year-over-year. The company also posted net income of $11.9 million.
Zumiez now expects Q4 sales in the range of $291 million to $297 million. The company also projects EPS to range between $0.78 and $0.84.
Here’s a graph that looks at ZUMZ’s Price, Consensus and EPS Surprise history:
Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles.
Check back later for our full analysis on ZUMZ’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Zumiez Inc. (ZUMZ - Free Report) just released its third-quarter financial results, posting earnings of $0.48 per share and revenues of $245.8 million. Currently, Zumiez is a Zacks Rank #2 (Buy) and is down 7.11% to $22.25 per share in after-hours trading shortly after its earnings report was released.
ZUMZ:
Matched earnings estimates. The company posted earnings of $0.48 per share, matching our earnings estimates of $0.48 per share.
Beat revenue estimates. The company saw revenue figures of $245.8 million, topping our consensus estimate of $242.88 million.
Zumiez third-quarter revenues popped 11% year-over-year. The chain’s comparable sales jumped 7.9% year-over-year. The company also posted net income of $11.9 million.
Zumiez now expects Q4 sales in the range of $291 million to $297 million. The company also projects EPS to range between $0.78 and $0.84.
Here’s a graph that looks at ZUMZ’s Price, Consensus and EPS Surprise history:
Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles.
Check back later for our full analysis on ZUMZ’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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