Why Zumiez (ZUMZ) Stock Is Decling In After-Hours Trading Despite Earnings Beat
NEW YORK (TheStreet) -- Zumiez
Revenue during the quarter increased 11.9% over the previous year to $176.7 million, just short of analysts expectations of $177 million.
The action sports apparel retailer set third quarter revenue guidance between $207 million and $211 million while expecting earnings between 47 cents and 50 cents per diluted share.
Watch the video below for more on Zumiez's latest quarterly results:
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TheStreet Ratings team rates ZUMIEZ INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ZUMIEZ INC (ZUMZ) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: ZUMZ Ratings Report
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