Zumiez (ZUMZ) Beats Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Zumiez reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, compared to a loss of $0.12 per share a year ago, representing an earnings surprise of 100% [1] - The company has surpassed consensus EPS estimates for four consecutive quarters [2] - Zumiez posted revenues of $222.48 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 0.19%, and up from $216.34 million year-over-year [2] Group 2: Stock Performance and Outlook - Zumiez shares have increased approximately 11.4% since the beginning of the year, while the S&P 500 has gained 27.6% [4] - The current consensus EPS estimate for the upcoming quarter is $0.96 on revenues of $283.48 million, and $0.07 on revenues of $893.2 million for the current fiscal year [8] - The Zacks Rank for Zumiez is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Group 3: Industry Context - The Retail - Apparel and Shoes industry, to which Zumiez belongs, is currently in the top 31% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]