Earnings Outlook For Zumiez
Portfolio Pulse from Benzinga Insights
Zumiez (NASDAQ:ZUMZ) is expected to release its quarterly earnings report on Thursday, 2023-11-30, with analysts predicting an EPS of $-0.17. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Zumiez's stock price has shown mixed reactions to earnings reports, with a 10.21% drop after last quarter's beat. Shares are currently trading at $18.37, down 15.85% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
November 29, 2023 | 2:01 pm
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Zumiez is anticipated to report a quarterly EPS of $-0.17. Investors are focused on potential earnings beat and future guidance. Historical stock performance has been volatile post-earnings, with a significant drop after the last report. Current share price is $18.37, reflecting a 15.85% decline over the past year.
The expected EPS of $-0.17 sets a cautious tone for Zumiez's earnings report. While an earnings beat could positively influence the stock, historical data shows that guidance has a more significant impact on the share price. The stock's recent performance indicates a bearish trend, but the actual earnings result and forward-looking statements will be key drivers for short-term price movement. Given the mixed historical reactions to earnings reports, a neutral score is appropriate until the actual figures and guidance are released.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100