Will Zumiez (ZUMZ) Disappoint Estimates In Q1 Earnings?
Zacks Investment Research | May 25, 2016 07:26AM ET
Zumiez, Inc. (NASDAQ:ZUMZ) is slated to release first-quarter fiscal 2016 results on Jun 2. Last quarter, the company had delivered a positive earnings surprise of 8.2%. In fact, it has outperformed the Zacks Consensus Estimate by an average of 8.1% over the trailing four quarters. Let’s see how things are shaping up for this announcement.
Factors Influencing this Quarter
Though Zumiez’s earnings history depicts a positive picture, the company has been posting negative comparable-store sales for thirteen straight months now. The primary reason for the continued sales decline is the slowdown in traffic and the absence of defined fashion trends. Additionally, the company is battling headwinds like foreign exchange volatility that has been affecting its business in borders and tourist spots.
Given its sluggish performance in the first quarter, the company expects to report loss per share at or slightly below the lower end of its previous guidance. The company had earlier projected first-quarter fiscal 2016 loss per share in the range of 7−11 cents.
Earnings Whispers
Our proven model does not conclusively show that Zumiez is likely to beat estimates this quarter. This is because a stock needs to have both a positive Zacks Investment Research
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