Zumiez Q2 EPS $(0.44) Beats $(0.67) Estimate, Sales $194.44M Beat $190.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zumiez reported Q2 losses of $(0.44) per share, beating the analyst consensus estimate of $(0.67) by 34.33%. Quarterly sales were $194.44 million, surpassing the analyst consensus estimate of $190.16 million by 2.25%. However, this represents a decrease from the same period last year, with earnings down 375% and sales down 11.62%.
September 07, 2023 | 8:09 pm
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NEUTRAL IMPACT
Zumiez's Q2 results exceeded analyst expectations, but showed a significant decrease from the same period last year. This mixed performance may lead to uncertainty in the market.
While Zumiez beat analyst estimates for Q2, the significant decrease in earnings and sales compared to the same period last year may cause concern among investors. This could lead to volatility in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100