Will Zumiez (ZUMZ) beat estimates in its next earnings report?

Looking for a stock that could be in a good position to beat earnings next report? To consider Zumiez Inc. ZUMZ, a company from the Retail – Clothing and Footwear industry, which may be a great candidate for the next beat.

This company has a good streak of beating earnings estimates, especially looking at the two previous reports. In fact, in these reports, ZUMZ exceeded estimates by at least 15% in both cases, suggesting it has a good near-term track record of crushing expectations.

Earnings in focus

Two quarters ago, ZUMZ expected to report a loss of 8 cents per share when it actually produced a loss of 3 cents per share, an increase of 62.5%. Meanwhile, in the most recent quarter, the company expected earnings of 36 cents per share, when in fact it saw earnings of 43 cents per share, representing a positive surprise of 19.4%.

ZUMIEZ INC Price and EPS Surprise

ZUMIEZ INC Price Surprise and EPS | Quote ZUMIEZ INC

Thanks in part to this history, recent estimates for Zumiez are getting higher. In fact, ZUMZ’s Earnings ESP is positive, which is a great sign of an upcoming record high.

Finally, the Zacks Earnings ESP compares the Most Accurate Estimates to the broad consensus, looking for stocks that have undergone large corrections recently, suggesting that analysts have recently become more optimistic about the company’s earnings prospects. Such is the case with ZUMZ as the company currently has a Zacks Earnings ESP of 1.59%, so another record high could be just around the corner.

This is especially true when you consider that ZUMZ has a great Zacks Rank #2 (Buy), which could be a harbinger of outperformance and a signal of a strong earnings profile. You can seeYou can find the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

When you add this solid Zacks Rank to its positive Earnings ESP, a positive earnings surprise happens almost 70% of the time, so it seems quite likely that ZUMZ could see another upside in its next report, especially if recent trends are any indication.

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