Here's Why Zumiez's (ZUMZ) Q4 Earnings Likely To Increase
Zacks Investment Research | Mar 09, 2020 10:36PM ET
Zumiez Inc. (NASDAQ:ZUMZ) is scheduled to report fourth-quarter fiscal 2019 results on Mar 12, after the closing bell. In the trailing four quarters, the company’s bottom line outperformed the Zacks Consensus Estimate by 64.1%, on average. In the last reported quarter, the company beat the consensus mark by 27.1%.
The Zacks Consensus Estimate for fourth-quarter earnings has been stable over the past 30 days at $1.36 per share. This suggests a rise of 15.3% from the year-ago quarter’s reported figure. For revenues, the consensus mark is pegged at $326 million, indicating an increase of 7% from the figure reported in the year-ago quarter.
Key Things to Note
Zumiez has been gaining from its differentiated assortments, store base expansion and implementation of advanced technology to augment customers’ shopping experience across diverse channels. Further, it has been boosting competitiveness by making investments in logistics, planning and allocation.
Also, the company has been expanding e-commerce and omnichannel capabilities to provide consumers with the facility of quick and easy access to its products and brands. The company considerably improved customers’ experience by integrating its physical and digital networks. This, in turn, allows customers to access inventories through all channels alongside availing facilities like buy online, pick up in store, among others. These factors have been aiding the company’s top-line performance.
This is evident from the company’s upbeat performance during the holiday season, which coincides with the fourth quarter. The company reported 6.8% growth in comparable sales (comps) for the nine-week period ended Jan 4, 2020. This prompted management to provide an encouraging comps and earnings per share view for the final quarter.
Management guided fourth-quarter comps growth of around 6%. Moreover, adjusted earnings per share are anticipated in a band of $1.34-$1.38. This suggests growth of 13-17% from $1.18 per share earned in the same quarter last fiscal.
Zumiez Inc. Price, Consensus and EPS Surprise
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.