Zumiez Gains On Solid Earnings & Comps Trend: Time To Buy?
Zacks Investment Research | Dec 06, 2016 08:28PM ET
Zumiez Inc. (NASDAQ:ZUMZ) has been doing well of late owing to its solid earnings surprise history, recent revival of comparable sales (comps) trend, impressive growth strategies and financial strength. The company has surged 64.7% year to date and recorded nearly 50% growth in the last three months. Further, the stock is substantially outperforming the Zacks categorized Retail-Apparel/Shoe industry that has recorded a year-to-date decline of 3.8% and growth of 2.8% in the three-month period, respectively.
Closing trade at $24.90 on Dec 6, 2016, the company’s share price is hovering close to its 52-week high mark of $25.60.
What’s Working Well for the Stock?
Zumiez posted strong results for third-quarter fiscal 2016, wherein both the top and bottom line grew year over year and topped estimates. This marked the company’s fifth consecutive positive earnings surprise. While the bottom-line benefitted from a robust top-line and efficient cost management, sales were fuelled by solid comps and store additions, which also included stores of the recently acquired Fast Times. In the trailing four quarters, the company has recorded an average beat of 30.9%.
ZUMIEZ INC Price, Consensus and EPS Surprise
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