William Blair Reiterates Outperform On Zumiez Following Second-Quarter Guidance


In a research note released yesterday, William Blair analyst Sharon Zackfia reiterated an Outperform rating on Zumiez Inc. (ZUMZ). No price target was assigned.

Zackfia noted, “Based on better-than-expected quarter-to-date trends, management increased second-quarter expectations to a low-single-digitcomp gain andsales in the range of $174 million to $176 million (up from previous expectations of $167 million to $171 million and consensus of $171.6 million). Second-quarter operating EPS is now expected at $0.21 to $0.23, up from guidance of $0.14 to $0.18 previously and versus consensus of $0.17 and our estimate of $0.20″. She continued, “At 14 times our new 2015 estimate, we expect Zumiez’s stock to react well to another beat-and-raise quarter. With healthy sales trends and easing comparisons into the second half of 2014, we believe Zumiez is well positioned to continue to exceed consensus expectations while gaining sustainable market share”.

According to TipRanks.com, which measures analysts and bloggers success rate based on how their calls perform, analyst Sharon Zackfia currently has a one-year average return of 34.3% and a 67% success rate. Zackfia is ranked #338 out of 3210 analysts.

 

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