Zumiez (ZUMZ) Releases Earnings Results, Beats Expectations By $0.03 EPS

Zumiez (ZUMZ) reported quarterly earnings results on Thursday, Jun-2-2016. The company said it had a profit of $-0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $-0.11. The company posted revenue of $173.00 million in the period, compared to analysts expectations of $172.40 million. The company’s revenue was down -2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Zumiez. Shares were Reiterated by Wolfe Research on May 31, 2016 to “Underperform” and Lowered the Price Target to $ 11 from a previous price target of $14 .Shares were Reiterated by Mizuho on May 5, 2016 to “Neutral” and Lowered the Price Target to $ 17 from a previous price target of $19 .Company shares were Reiterated by Wolfe Research on Mar 11, 2016 to “Underperform”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .

Zumiez closed down -0.12 points or -0.81% at $14.76 with 4,98,358 shares getting traded on Wednesday. Post opening the session at $14.74, the shares hit an intraday low of $14.55 and an intraday high of $15.11 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 24, 2015, Troy R. Brown (EVP of Ecommerce & Omnichannel) sold 31,592 shares at $34.07 per share price.

Zumiez Inc. is a multi-channel specialty retailer of apparel footwear accessories and hardgoods. As of January 31 2015 the Company operated 603 stores; 550 in the United States 35 in Canada and 18 in Europe. The Company operates under the names Zumiez and Blue Tomato. Additionally it operates e-commerce websites at www.zumiez.com and www.bluetomato.com. In apparel the Company offers t-shirts; baseball tees; hoodies and sweatshirts; tank tops; shorts; board shorts; joggers; shirts; jackets; jeans and pants; sweaters and snow outerwear. The Company offers accessories including hats socks watches sunglasses jewelry backpacks beanies belts wallets underwear and bags. In addition it also offers cameras and tech; headphones; home; travel gear; hacky sacks; shoe laces; digital video discs (DVDs) scarves and gloves.


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