Zumiez (NASDAQ:ZUMZ) Stock

Zumiez

Zumiez Inc is a United-States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hard goods. The company provides merchandise with cultural elements coming from fashion, music, art from action sports, streetwear, and other lifestyles. The company operates under the brands Zumiez, Fast Times, and Blue Tomato, and through both physical stores and websites. The majority of the company's stores are located in the U.S., with the rest in Canada, Australia, and Europe. The U.S. market contributes to the majority of the company's revenue.

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Zumiez Inc

WIIM

Zumiez shares are trading lower after the company cut its Q4 financial outlook

Guidance

Zumiez Cuts Q4 Net Sales Outlook From $284M - $288M To $275M - $277M (Est $285.499M); EPS Outlook From $0.83 - $0.93 To $0.72 - $0.77  (Est $0.89)

Zumiez Comparable Sales For Nine-week Period Ended January 4, 2025, Increase 5.6%

<h3>Gainers</h3>
<ul>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) stock increased by 38.6% to $3.19 during Friday's pre-market session. The company's market cap stands at $2.2 million. </li>
<li>Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) stock moved upwards by 22.44% to $6.0. The market value of their outstanding shares is at $1.6 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) shares rose 18.75% to $4.59. The market value of their outstanding shares is at $2.8 million. </li>
<li>American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) stock moved upwards by 12.01% to $12.21. The market value of their outstanding shares is at $156.7 million. The company's, Q2 earnings came out yesterday. </li>
<li>Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares moved upwards by 10.19% to $379.97. The market value of their outstanding shares is at $46.6 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) stock increased by 9.17% to $22.01. The company's market cap stands at $421.3 million. As per the news, the Q3 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) stock declined by 16.7% to $11.35 during Friday's pre-market session. The company's market cap stands at $509.0 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Latham Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) stock fell 15.89% to $5.4. The market value of their outstanding shares is at $624.3 million. </li>
<li>United Homes Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UHG#NASDAQ">UHG</a>) stock fell 15.74% to $5.14. The company's market cap stands at $248.8 million. </li>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) shares decreased by 8.92% to $0.92. The company's market cap stands at $11.9 million. </li>
<li>GigaCloud Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) shares declined by 8.7% to $22.15. The market value of their outstanding shares is at $907.5 million. </li>
<li>Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) shares fell 8.23% to $30.0. The market value of their outstanding shares is at $814.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

Zumiez shares are trading higher after the company announced better-than-expected Q3 financial results.

Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) released its Q3 earnings on Thursday, December 5, 2024 at 04:05 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Zumiez beat estimated earnings by 100.0%, reporting an EPS of $0.06 versus an estimate of $0.03.
Revenue was up $6.14 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
The company beat on EPS by $0.29 in the last quarter, resulting in a 4.0% increase share price change the following day.
Here's a look at Zumiez's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.33</td>
<td>-1.14</td>
<td>0.26</td>
<td>-0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.04</td>
<td>-0.86</td>
<td>0.40</td>
<td>-0.12</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>201.96M</td>
<td>171.40M</td>
<td>275.87M</td>
<td>213.58M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>210.18M</td>
<td>177.39M</td>
<td>281.82M</td>
<td>216.34M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Zumiez <a href="https://www.benzinga.com/quote/ZUMZ/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Zumiez: Q3 Earnings Insights

Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) announced its Q3 earnings on Thursday, December 5, 2024 at 04:05 PM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Zumiez beat estimated earnings by 100.0%, reporting an EPS of $0.06 versus an estimate of $0.03.
Revenue was up $6.14 million from the same period last year.
<h3>Past Earnings Performance</h3>
The company beat on EPS by $0.29 in the previous quarter, leading to a 4.0% increase share price change the next day.
Here's a look at Zumiez's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.33</td>
<td>-1.14</td>
<td>0.26</td>
<td>-0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.04</td>
<td>-0.86</td>
<td>0.40</td>
<td>-0.12</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>201.96M</td>
<td>171.40M</td>
<td>275.87M</td>
<td>213.58M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>210.18M</td>
<td>177.39M</td>
<td>281.82M</td>
<td>216.34M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Zumiez <a href="https://www.benzinga.com/quote/ZUMZ/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Zumiez Q3 Earnings Assessment

The earnings results for Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) for Q3 were made public on Thursday, December 5, 2024 at 04:05 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
Zumiez beat estimated earnings by 100.0%, reporting an EPS of $0.06 versus an estimate of $0.03.
Revenue was up $6.14 million from the same period last year.
<h3>Previous Earnings Records</h3>
The company beat on EPS by $0.29 in the last quarter, resulting in a 4.0% increase share price change the following day.
Here's a look at Zumiez's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.33</td>
<td>-1.14</td>
<td>0.26</td>
<td>-0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.04</td>
<td>-0.86</td>
<td>0.40</td>
<td>-0.12</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>201.96M</td>
<td>171.40M</td>
<td>275.87M</td>
<td>213.58M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>210.18M</td>
<td>177.39M</td>
<td>281.82M</td>
<td>216.34M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Zumiez <a href="https://www.benzinga.com/quote/ZUMZ/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Zumiez Q3 Earnings

Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) released its Q3 earnings on Thursday, December 5, 2024 at 04:05 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Zumiez beat estimated earnings by 100.0%, reporting an EPS of $0.06 versus an estimate of $0.03.
Revenue was up $6.14 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
Last quarter the company beat on EPS by $0.29 which was followed by a 4.0% increase in the share price the next day.
Here's a look at Zumiez's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.33</td>
<td>-1.14</td>
<td>0.26</td>
<td>-0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.04</td>
<td>-0.86</td>
<td>0.40</td>
<td>-0.12</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>201.96M</td>
<td>171.40M</td>
<td>275.87M</td>
<td>213.58M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>210.18M</td>
<td>177.39M</td>
<td>281.82M</td>
<td>216.34M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Zumiez <a href="https://www.benzinga.com/quote/ZUMZ/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Zumiez Earnings Analysis: Q3 Recap

Fiscal 2024 Fourth Quarter Outlook The Company is introducing guidance for the three months ending February 1, 2025. Net sales are projected to be in the range of $284 to $288 million. Consolidated operating margins are expected to be between 6.0% and 7.5% resulting in earnings per diluted share of approximately $0.83 to $0.93.
The Company has opened 6 new stores in fiscal 2024, with one additional store opening planned in the fourth quarter. These 7 new stores opened during the year include 3 stores in North America, 2 stores in Europe and 2 stores in Australia. We expect to close approximately 33 stores throughout fiscal 2024 by the end of the year.

Zumiez Sees Q4 EPS $0.83-$0.93 Vs $1.01 Est.; Revenue $284M-$288M Vs $283.48M Est.

Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.03 by 100 percent. This is a 150 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $222.47 million which beat the analyst consensus estimate of $222.04 million by 0.20 percent. This is a 2.84 percent increase over sales of $216.34 million the same period last year.

Earnings Beats

Zumiez Q3 EPS $0.06 Beats $0.03 Estimate, Sales $222.47M Beat $222.04M Estimate

Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) announced its Q3 earnings on Thursday, December 5, 2024 at 04:05 PM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Zumiez beat estimated earnings by 100.0%, reporting an EPS of $0.06 versus an estimate of $0.03.
Revenue was up $6.14 million from the same period last year.
<h3>Historical Earnings Summary</h3>
Last quarter the company beat on EPS by $0.29 which was followed by a 4.0% increase in the share price the next day.
Here's a look at Zumiez's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.33</td>
<td>-1.14</td>
<td>0.26</td>
<td>-0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.04</td>
<td>-0.86</td>
<td>0.40</td>
<td>-0.12</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>201.96M</td>
<td>171.40M</td>
<td>275.87M</td>
<td>213.58M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>210.18M</td>
<td>177.39M</td>
<td>281.82M</td>
<td>216.34M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Zumiez <a href="https://www.benzinga.com/quote/ZUMZ/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Breakdown: Zumiez Q3

<h3>Companies Reporting Before The Bell</h3>
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) is likely to report quarterly earnings at $0.70 per share on revenue of $420.00 million. 
• America's Car-Mart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) is projected to report quarterly loss at $0.10 per share on revenue of $344.37 million. 
• Science Applications Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) is expected to report quarterly earnings at $2.16 per share on revenue of $1.93 billion. 
• Patterson Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.65 billion. 
• Methode Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $268.46 million. 
• Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $1.37 billion. 
• Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) is estimated to report quarterly earnings at $0.94 per share on revenue of $10.14 billion. 
• Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) is projected to report quarterly earnings at $1.21 per share on revenue of $675.35 million. 
• Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $187.70 million. 
• Lands' End (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LE#NASDAQ">LE</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $315.21 million. 
• Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $101.35 million. 
• Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $10.26 billion. 
• GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) is projected to report quarterly earnings at $2.19 per share on revenue of $1.46 billion. 
• Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) is expected to report quarterly loss at $0.12 per share on revenue of $1.71 billion. 
• Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) is expected to report quarterly loss at $0.32 per share on revenue of $134.93 million. 
• Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $34.20 billion. 
• Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) is likely to report quarterly earnings at $1.26 per share on revenue of $4.67 billion. 
• Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is estimated to report quarterly earnings at $1.36 per share on revenue of $751.36 million. 
• Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) is likely to report quarterly earnings at $1.73 per share on revenue of $5.98 billion. 
• Brown Forman Inc Class B Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.07 billion. 
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLYB#NYSE">WLYB</a>) is expected to report earnings for its second quarter. 
• Build-A-Bear Workshop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $113.40 million. 
• Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is likely to report earnings for its third quarter. 
• Brown Forman Inc Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is projected to report earnings for its second quarter. 
<h3>Companies Reporting After The Bell</h3>
• Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $253.96 million. 
• Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is likely to report quarterly loss at $0.62 per share on revenue of $1.29 billion. 
• UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is likely to report quarterly earnings at $0.07 per share on revenue of $347.72 million. 
• Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $133.52 million. 
• Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) is expected to report quarterly loss at $0.07 per share on revenue of $180.66 million. 
• Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $222.04 million. 
• Domo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $77.55 million. 
• Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $44.30 million. 
• Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $225.60 million. 
• Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) is expected to report quarterly earnings at $2.72 per share on revenue of $2.36 billion. 
• Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) is likely to report quarterly earnings at $1.58 per share on revenue of $684.34 million. 
• Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $283.87 million. 
• GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $188.25 million. 
• HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) is likely to report quarterly earnings at $0.05 per share on revenue of $163.39 million. 
• Tilly's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLYS#NYSE">TLYS</a>) is likely to report quarterly loss at $0.32 per share on revenue of $140.84 million. 
• Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) is projected to report quarterly earnings at $4.52 per share on revenue of $2.50 billion. 
• Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) is likely to report quarterly loss at $0.40 per share on revenue of $217.53 million. 
• Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is projected to report quarterly loss at $0.03 per share on revenue of $1.50 billion. 
• Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $310.56 million. 
• DocuSign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $745.26 million. 
• American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $53.23 million. 
• Hewlett Packard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $8.26 billion. 
• Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is likely to report quarterly earnings at $1.00 per share on revenue of $1.03 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For December 5, 2024

Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) is set to give its latest quarterly earnings report on Thursday, 2024-12-05. Here's what investors need to know before the announcement.
Analysts estimate that Zumiez will report an earnings per share (EPS) of $0.03. 
Investors in Zumiez are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company beat EPS by $0.29, leading to a 3.97% increase in the share price the following trading session.
Here's a look at Zumiez's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.33</td>
<td>-1.14</td>
<td>0.26</td>
<td>-0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.04</td>
<td>-0.86</td>
<td>0.40</td>
<td>-0.12</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>-3.0%</td>
<td>-8.0%</td>
<td>12.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733328189_0.png" alt="eps graph" />
<h3>Tracking Zumiez's Stock Performance</h3>
Shares of Zumiez were trading at $22.54 as of December 03. Over the last 52-week period, shares are up 17.46%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Insights Shared by Analysts on Zumiez</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Zumiez.
The consensus rating for Zumiez is Neutral, derived from 1 analyst ratings. An average one-year price target of $25.0 implies a potential 10.91% upside.
<h3>Comparing Ratings with Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Lands' End, J.Jill and Designer Brands, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>Lands' End is maintaining an Buy status according to analysts, with an average 1-year price target of $20.0, indicating a potential 11.27% downside.</li>
<li>J.Jill received a Neutral consensus from analysts, with an average 1-year price target of $31.5, implying a potential 39.75% upside.</li>
<li>For Designer Brands, analysts project an Neutral trajectory, with an average 1-year price target of $6.88, indicating a potential 69.48% downside.</li>
</ul>
<h3>Overview of Peer Analysis</h3>
The peer analysis summary offers a detailed examination of key metrics for Lands' End, J.Jill and Designer Brands, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Zumiez</td>
<td>Neutral</td>
<td>8.10%</td>
<td>$71.79M</td>
<td>-0.26%</td>
</tr>
<tr>
<td>Lands' End</td>
<td>Buy</td>
<td>-1.91%</td>
<td>$151.88M</td>
<td>-2.28%</td>
</tr>
<tr>
<td>J.Jill</td>
<td>Neutral</td>
<td>-0.89%</td>
<td>$109.39M</td>
<td>11.42%</td>
</tr>
<tr>
<td>Designer Brands</td>
<td>Neutral</td>
<td>-2.56%</td>
<td>$252.91M</td>
<td>3.87%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Zumiez ranks at the top for Revenue Growth among its peers. It is at the bottom for Gross Profit and Return on Equity. Overall, Zumiez is positioned in the middle compared to its peers based on the provided metrics.
<h3>About Zumiez</h3>
Zumiez Inc is a United-States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hard goods. The company provides merchandise with cultural elements coming from fashion, music, art from action sports, streetwear, and other lifestyles. The company operates under the brands Zumiez, Fast Times, and Blue Tomato, and through both physical stores and websites. The majority of the company's stores are located in the U.S., with the rest in Canada, Australia, and Europe. The U.S. market contributes to the majority of the company's revenue.
<h3>Zumiez's Financial Performance</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Zumiez showcased positive performance, achieving a revenue growth rate of 8.1% as of 31 July, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Zumiez's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -0.4%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Zumiez's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -0.26%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Zumiez's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.13%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.7.
<a href="https://www.benzinga.com/quote/ZUMZ/earnings">To track all earnings releases for Zumiez visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: Zumiez's Earnings Preview

B. Riley Securities analyst Jeff Van Sinderen maintains Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) with a Neutral and raises the price target from $20 to $25.

Price Target

Analyst Ratings

B. Riley Securities Maintains Neutral on Zumiez, Raises Price Target to $25

U.S. stocks were mixed, with the Nasdaq Composite falling around 150 points on Friday.
Shares of Quanex Building Products Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NX#NYSE">NX</a>) rose sharply during Friday's session after the company reported better-than-expected third-quarter financial results and issued <a href="https://www.benzinga.com/quote/NX/earnings">FY24 guidance above estimates.</a>
Quanex Building Prods reported quarterly earnings of 73 cents per share which beat the analyst consensus estimate of 70 cents per share. The company reported quarterly sales of $280.300 million which beat the analyst consensus estimate of $278.457 million.
Quanex Building Products shares jumped 19.9% to $29.80 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Argan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) gained 28.4% to $91.64 after the company reported better-than-expected second-quarter financial results.</li>
<li>Travere Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVTX#NASDAQ">TVTX</a>) shares rose 15.3% to $11.45 after the company announced it that the FDA has granted full approval to FILSPARI to slow kidney function decline in adults with primary IgAN who are at risk of disease progression. Also, HC Wainwright &amp; Co maintained a Buy rating on the stock and raised its price target from $20 to $23.</li>
<li>Zumiez Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) rose 15.3% to $29.67 following quarterly results.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) gained 15% to $44.58 after the company reported better-than-expected quarterly financial results and raised its FY25 guidance.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) gained 14.6% to $1.6050.</li>
<li>Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) rose 13.9% to $163.94 after the company reported better-than-expected quarterly financial results. Also, Oppenheimer and Baird maintained an Outperform rating on the stock and raised their respective price targets.</li>
<li>Bowlero Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) climbed 13.5% to $12.25 after the company reported better-than-expected fourth-quarter sales results and issued FY25 revenue guidance above estimates.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) gained 9.7% to $1.4485.</li>
<li>Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) rose 9.6% to $54.11 following better-than-expected quarterly financial results. The company also raised its FY25 EPS outlook.</li>
<li>Brady Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) gained 6.8% to $76.75 after the company reported better-than-expected quarterly adjusted EPS results. Also, the company authorized an additional $100 million of shares for repurchase.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rose 6% to $5.14 after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $5.30 to $8.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40748814/top-4-financials-stocks-that-may-crash-this-month">Top 4 Financials Stocks That May Crash This Month</a></li>
</ul>

The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40718185/could-august-jobs-numbers-keep-recession-fears-at-bay-this-time-is-different-analys">non-farm payrolls data is keeping traders on the tenterhook</a> and the index futures point to a negative opening on Friday. The caveat here is the the market mood could quickly pivot to positivity if the job gain comes in line with expectations. Following the data, traders get to hear from two Federal Reserve officials, possibly the last ones ahead of the Sept. 17-18 Federal Open Market Committee Meeting, given the blackout period starts on Saturday. 
The market direction depends on which worries the traders the most &#8211; a slowdown or the rate trajectory. If the job gains grossly disappoint just as its ADP counterpart did, the odds of a 50 basis-point could be in play. But it remains to be seen whether a weak job market would be considered a reason good enough to liquidate risky bets. The CBOE Volatility Index, commonly called the VIX, spiked by over 13%.
On the corporate front, Broadcom Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) soft guidance is weighing down on the chipmaker&#8217;s stock and that of its peers as well. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-1.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.63%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.33%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.51%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) plunged 0.61% to $546.24 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slumped 1.05% to $456.21, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks went about in a listless manner on Thursday as traders digested a weak ADP private payrolls number, fairly in-line initial jobless claims data and better-than-expected service sector activity readings. After a negative open, the major indices recovered and rose in the morning session. Lingering worries about Friday&#8217;s payroll numbers dragged the market lower yet again and the indices began to move in a lackluster manner before closing mixed. 
Gains in some heavy-weighted tech stocks lifted the Nasdaq to a higher close, as it snapped a two-session losing streak, while the S&amp;P 500 Index finished with a modest loss. The 30-stock Dow Jones Industrial Average and the small-cap Russell 2,000 Index settled moderately lower.
Eight of the 11 S&amp;P 500 sectors finished in the red, with industrial, material healthcare and financial stocks seeing marked weakness. On the other hand, consumer discretionary, communication services and IT stocks found some buying interest.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.25%</td>
<td>17,127.66</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.30%</td>
<td>5,503.41</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.54%</td>
<td>40,755.75</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.61%</td>
<td>2,132.05</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
After August proved to be a wild month for stocks, September has so far lived up to expectations of being a seasonally weak month, and an analyst cautioned that the near term does not hold out much promise. LPL Financial Chief Technical Strategist Adam Turnquist said the S&amp;P 500&#8217;s recovery has stalled just under its record highs hit in mid-July. 
The index stalled just around its 20- and 50-day simple moving averages. Turnquist noted that there is a price gap at 5,455 and further down, it has support around its August low of 5,119. In the event of a rally August and July highs of 5,648 and 5,667, respectively, will serve as resistances, he added.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06044452/image-1-11-1024x536.png" alt="" class="wp-image-533772" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06044452/image-1-11-1024x536.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06044452/image-1-11-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06044452/image-1-11-768x402.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06044452/image-1-11.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: TradingView
&#8220;Momentum indicators have turned bearish, and signs of defensive leadership have begun to emerge, pointing to more volatility ahead,&#8221; Turnquist said, adding that &#8220;breakdowns in longer-duration Treasury yields, crude oil, and copper, along with a simultaneous breakout in gold, provide a warning sign of rising risks to an economic soft landing.&#8221;
Upcoming Economic Data:
<ul>
<li>The August non-farm payrolls report, due to be released by the Bureau of Labor Statistics at 8:30 a.m. EDT, is widely expected to show that 161,000 jobs were added during the month, an increase from 114,000 jobs added in July. The jobless rate is expected to tick down from 4.2% to 4.3%. The average hourly wages, an inflation measure, may have increased by 3.7%, slightly up from the 3.6% growth in July.</li>
<li>New York Fed President John Williams is due to speak at 8:45 a.m. EDT and Fed Governor Christopher Waller at 11 a.m. EDT. </li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Broadcom fell about 8%<a href="https://www.benzinga.com/premarket"> in premarket trading</a> as traders reacted negatively to the chipmaker&#8217;s fourth-quarter revenue guidance. </li>
<li>Other stocks moving on earnings are Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) (up about 4%), Smith &amp; Wesson Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) (down over 7%), UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) (over 9%) and Zumiez Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) (up over 4%).</li>
<li>ABM Industries Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>) and Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) are among the companies reporting <a href="https://www.benzinga.com/earnings">quarterly results ahead of the market opening.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures moved sideways under the $70 level and gold futures are modestly higher, approaching the $2,550 level, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded below $56K level and were lower. The 10-year Treasury note yield slid 3.4 points to 3.699%. 
Most Asian markets fell sharply ahead of the U.S. jobs data, while Hong Kong did not trade due to Super Typhoon Yagi threat. European stocks also pulled back sharply in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40724455/peter-schiff-says-illusion-of-a-strong-labor-market-fading-faster-than-kamala-harris-post-convention">Peter Schiff Says &#8216;Illusion Of A Strong Labor Market&#8217; Fading Faster Than Kamala Harris&#8217; Post-Convention Popularity Spike As Job Openings Slide To Lowest In 3.5 Years</a></li>
</ul>

Zumiez Sees Q3 Net Sales $221M-$225M, EPS $(0.04)-$0.06

Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) reported quarterly losses of $(0.04) per share which beat the analyst consensus estimate of $(0.24) by 83.33 percent. The company reported quarterly sales of $210.200 million which beat the analyst consensus estimate of $201.965 million by 4.08 percent. This is a 8.11 percent increase over sales of $194.438 million the same period last year.

Zumiez Q2 2024 GAAP EPS $(0.04) Beats $(0.24) Estimate, Sales $210.2M Beat $201.965M Estimate

Wall Street&#8217;s mood may continue to be jittery, with the index futures trading narrowly mixed in early trading. The uncertainty ahead of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40718185/could-august-jobs-numbers-keep-recession-fears-at-bay-this-time-is-different-analys">Friday&#8217;s non-farm payrolls report </a>has proved to be the dampener much of the week. The weekly jobless claims and a duo of service sector readings due for the day could nudge the major indices in either of the directions depending on how they pan out.
Companies with exposure to artificial technology could come under pressure amid negative reactions to earnings from C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>). Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), though, is modestly higher. Crude oil futures rebounded and gold futures are also firmer. The CBOE Volatility Index, aka VIX, is settling down after its recent spike. Traders may also prefer to keep an eye on the bond yields amid rising recession worries.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.06%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.04%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.09%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.06%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.03% to $551.10 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged down 0.07% to $460.31, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed Wednesday on a mixed note as economic worries countered any upward bounce generated by bargain hunting that followed the recent declines. Stocks started off on a notably weaker note after the July job openings came in at the lowest since early 2021. The major averages cut their losses and moved higher in late-morning trading before reversing course and languishing in the red for much of the remainder of the session.
A late-session buying surge lifted the Dow Industrials into positive territory, while the S&amp;P 500 and the Nasdaq Composite indices closed modestly lower, but off the lows of the session.
Energy stocks fell by the most, and communication services and IT stocks also declined, while consumer staples, real estate and utility stocks gained ground.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.30%</td>
<td>17,084.30</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.16%</td>
<td>5,520.07</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.09%</td>
<td>40,974.97</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.19%</td>
<td>2,145.22</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Amid the fluid market condition, a fund manager is upbeat about the equity market performance. &#8220;September is off to a tough start, and uncertainty may remain high until the reaction to the Fed cut is in the bank,&#8221; said Louis Navellier, adding that, &#8220;history says that any month that starts with a +1% correction is higher by the end of the month, and no one would be surprised to see that, especially with the Fed cuts motivating all the cash on the sidelines to find a new home.&#8221;
&nbsp;LPL Financial Portfolio Strategist&nbsp;George Smith also commented on the September seasonality, stating it is not favorable to stocks with poor performance typically backloaded. That said the strategist sees some mitigating factors, including the interest rate trajectory. He noted that the September Federal Open Market Committee meeting takes place right at the start of the historically weak period for stocks in September. 
&#8220;We don't rule out the possibility of short-term weakness as markets could readjust having gotten slightly over their skis on the pace and number of rate cuts that the Fed will deliver,&#8221; Smith said. &#8220;Scanning out further, both post-election and fourth-quarter seasonality become more favorable stocks,&#8221; he added.
Upcoming Economic Data:
<ul>
<li>The Labor Department&#8217;s weekly jobless claims data due at 8:30 a.m. EDT will likely show that the number of individuals claiming unemployment benefits has dipped from 231,000 in the week ended Aug. 24 to 225,000 in the week ended Aug. 31. </li>
<li>The Labor Department&#8217;s revised second-quarter non-farm productivity and costs report is scheduled to be released, also at 8:30 a.m. EDT. The final second-quarter non-farm productivity growth is expected to be revised from a seasonally adjusted annualized quarter-over-quarter pace of 2.3% to 2.5%, up from 0.2% in the first quarter. Unit labor costs may have increased by 0.8% compared to the 0.9% preliminary estimate and a 4% increase in the first quarter.</li>
<li>S&amp;P Global will release its final service sector purchasing managers&#8217; index at 9:45 a.m. EDT. The consensus estimate calls for a reading of 55.1 for August, slightly lower than the flash estimate of 55.2, but from July&#8217;s 55.</li>
<li>The Institute for Supply Management is due to release its non-manufacturing PMI at 10 a.m. EDT. The non-manufacturing PMI, based on a nationwide survey, is expected at 51 compared to the July reading of 51.4.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 11 p.m. EDT.</li>
<li>The Treasury will auction four- and eight-week bills at 11 p.m. EDT.</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>C3.ai plunged over 20% <a href="https://www.benzinga.com/premarket">in premarket trading </a>on the company&#8217;s quarterly results, and ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) fell over 8% and Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) moved down a more modest 2.66%.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Science Applications International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) and Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) are among the companies reporting <a href="https://www.benzinga.com/earnings">quarterly results ahead of the market opening.</a></li>
<li>Those reporting after the close include Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>), Smith &amp; Wesson Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>), Ubiquiti Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UI#NYSE">UI</a>) and Zumiez Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets
Crude oil futures rebounded on Thursday and yet traded below $70-a-barrel and gold futures advanced. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose modestly toward the $57K level. The yield on the 10-year Treasury note remained unchanged at 3.768%. The yield curve, which represents the relationship between the 10- and 2-year Treasury yield, briefly reversed due to rising expectations of rate cuts, and the dis-inversion typically happens at the start of the resurrection. 
The Asian markets had a mixed outing on Thursday, as the yen&#8217;s continued strength exerted downward pressure on the Japanese markets, while some major markets in the region took encouragement from Wall Street closing off the lows of the session.
European stocks traded mostly lower in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40724455/peter-schiff-says-illusion-of-a-strong-labor-market-fading-faster-than-kamala-harris-post-convention">Peter Schiff Says &#8216;Illusion Of A Strong Labor Market&#8217; Fading Faster Than Kamala Harris&#8217; Post-Convention Popularity Spike As Job Openings Slide To Lowest In 3.5 Years</a></li>
</ul>
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