Markets

Earnings Estimates Moving Higher for Zumiez (ZUMZ): Time to Buy?

Zumiez Inc. ZUMZ is a leading specialty retailer of footwear, apparel, hardgoods and accessories that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
 
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ZUMZ’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Zumiez could be a solid choice for investors.
 
Current Quarter Estimates for ZUMZ

In the past 30 days, six estimates have gone higher for Zumiez while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 54 cents a share 30 days ago, to 59 cents today, a move of 9.2%.
 
Current Year Estimates for ZUMZ

Meanwhile, Zumiez’s current year figures are also looking quite promising, with six estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.89 per share 30 days ago to $2.16 per share today, an increase of 14.2%.

Zumiez Inc. Price and Consensus

Zumiez Inc. Price and Consensus

Zumiez Inc. price-consensus-chart | Zumiez Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 23.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
 
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
 
See their latest picks free >>


Click to get this free report

Zumiez Inc. (ZUMZ): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.