Zumiez (ZUMZ) Matches Q3 Earnings Estimates, Shares Sink

Zumiez Inc. (ZUMZ - Free Report) just released its third-quarter financial results, posting earnings of $0.48 per share and revenues of $245.8 million. Currently, Zumiez is a Zacks Rank #2 (Buy) and was down 7.11% to $22.25 per share in after-hours trading shortly after its earnings report was released.

Matched earnings estimates. The company posted earnings of $0.48 per share, matching our earnings estimates of $0.48 per share.

Beat revenue estimates. The company saw revenue figures of $245.8 million, topping our consensus estimate of $242.88 million.

Zumiez third-quarter revenues popped 11% year-over-year. The chain’s comparable sales jumped 7.9% year-over-year. The company also posted net income of $11.9 million.

Zumiez now expects Q4 sales in the range of $291 million to $297 million. The company also projects EPS to range between $0.78 and $0.84.

Here’s a graph that looks at ZUMZ’s Price, Consensus and EPS Surprise history:

Zumiez Inc. Price, Consensus and EPS Surprise

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Zumiez is a leading specialty retailer of apparel, footwear, accessories and hard goods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles.

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