Zumiez(US:ZUMZ) ZACKSยท2024-09-05 22:26Company Performance - Zumiez reported a quarterly loss of $0.04 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.33, and an improvement from a loss of $0.44 per share a year ago, representing an earnings surprise of 87.88% [1] - The company posted revenues of $210.18 million for the quarter ended July 2024, exceeding the Zacks Consensus Estimate by 4.07% and up from $194.44 million in the same quarter last year [2] - Over the last four quarters, Zumiez has surpassed consensus EPS estimates four times and has also topped consensus revenue estimates in the same period [2] Stock Outlook - Zumiez shares have increased approximately 30% since the beginning of the year, outperforming the S&P 500's gain of 15.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $216.91 million, while the estimate for the current fiscal year is -$0.04 on revenues of $879.87 million [7] - The estimate revisions trend for Zumiez is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Retail - Apparel and Shoes industry, to which Zumiez belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]