Zumiez Second Quarter Earnings Sneak PREVIEW

Zumiez Inc. (NASDAQ:ZUMZ) will unveil its latest earnings on Thursday, August 30, 2012. Zumiez is a mall-based specialty retailer of action sports related apparel, footwear, equipment and accessories.

Zumiez Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 13 cents per share, a rise of 62.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 9 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 13 cents during the last month. Analysts are projecting profit to rise by 33.3% compared to last year’s $1.60.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting profit of 15 cents per share against a mean estimate of net income of 11 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $135.5 million in revenue this quarter, a rise of 20.8% from the year-ago quarter. Analysts are forecasting total revenue of $672.4 million for the year, a rise of 21% from last year’s revenue of $555.9 million.

Stock Price Performance: Between June 28, 2012 and August 24, 2012, the stock price had fallen $6.67 (-17.5%), from $38.18 to $31.51. The stock price saw one of its best stretches over the last year between June 13, 2012 and June 20, 2012, when shares rose for six straight days, increasing 14.5% (+$5.27) over that span. It saw one of its worst periods between July 3, 2012 and July 11, 2012 when shares fell for six straight days, dropping 12.5% (-$5.04) over that span.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 4.23 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands. The company regressed in this liquidity measure from 4.56 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 12.3% to $62.4 million while assets rose 4.1% to $263.8 million.

Analyst Ratings: There are mostly holds on the stock with nine of 17 analysts surveyed giving that rating.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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