NEW YORK (TheStreet) -- Zumiez (ZUMZ) shares are down 10.05% to $26.75 in after-hours trading on Thursday following the release of the retailer's first quarter earnings results after the closing bell today.
The company's stock is falling after issuing weak second quarter earnings guidance between 12 cents and 15 cents per share on revenue between $179 million and $183 million.
Analysts on average are expecting the company to earn 30 cents per share on revenue of $193.7 million.
The company reported first quarter net income of $2.8 million, or 12 cents per diluted share on revenue of $177.6 million.
Both results were in line with what analysts were expecting for the period.
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, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel its 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