Zalando (OTCMKTS:ZLNDY – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.14), Zacks reports. Zalando had a return on equity of 3.46% and a net margin of 0.70%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.57 billion.
Zalando Trading Up 9.6%
Shares of OTCMKTS:ZLNDY traded up $1.36 during trading on Wednesday, reaching $15.47. The stock had a trading volume of 7,835 shares, compared to its average volume of 51,734. The firm’s fifty day moving average is $13.43 and its 200 day moving average is $13.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.63 and a current ratio of 1.06. Zalando has a 52 week low of $10.84 and a 52 week high of $17.37. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 70.32 and a beta of 1.45.
Analysts Set New Price Targets
Separately, DZ Bank raised shares of Zalando from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.
View Our Latest Stock Report on ZLNDY
About Zalando
Zalando SE is a Germany-based online fashion and lifestyle retailer headquartered in Berlin. The company operates a digital platform that offers clothing, footwear, accessories, beauty products and related lifestyle merchandise from international brands, as well as its own private-label offerings.
Founded in 2008 by Robert Gentz and David Schneider, Zalando initially focused on online footwear before expanding into a broader fashion marketplace. Its platform connects customers with brands and retail partners, while the company also provides services such as fulfillment, logistics, marketing and technology solutions through its partner ecosystem.
Zalando serves customers across multiple European markets through localized websites and mobile applications.
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