Zumiez Beats Analyst Estimates on EPS
Zumiez (NAS: ZUMZ) reported earnings on May 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 28 (Q1), Zumiez met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
Zumiez booked revenue of $129.9 million. The 11 analysts polled by S&P Capital IQ wanted to see net sales of $128.7 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $105.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.15. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.11 per share. GAAP EPS of $0.14 for Q1 were 133% higher than the prior-year quarter's $0.06 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.4%, 80 basis points better than the prior-year quarter. Operating margin was 5.6%, 320 basis points better than the prior-year quarter. Net margin was 3.5%, 170 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $129.3 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $645.5 million. The average EPS estimate is $1.53.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 722 members out of 789 rating the stock outperform, and 67 members rating it underperform. Among 290 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 274 give Zumiez a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Zumiez is outperform, with an average price target of $36.36.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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