Zalando (OTCMKTS:ZLNDY – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $13.28, but opened at $12.78. Zalando shares last traded at $12.80, with a volume of 305 shares.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ZLNDY. DZ Bank raised shares of Zalando from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of Zalando in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.
Get Our Latest Research Report on ZLNDY
Zalando Stock Up 0.2%
Zalando (OTCMKTS:ZLNDY – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.97 billion. Zalando had a return on equity of 3.46% and a net margin of 0.70%. As a group, analysts forecast that Zalando will post 0.32 earnings per share for the current year.
Zalando Company Profile
Zalando SE is a Germany-based online fashion and lifestyle platform serving consumers and brands across Europe. The company operates digital marketplaces that offer clothing, footwear, accessories, beauty products and related lifestyle goods from international brands, local labels and its own assortment.
Founded in Berlin in 2008 by Robert Gentz and David Schneider, Zalando initially focused on online shoe retail before expanding into a broader fashion and lifestyle marketplace. In addition to selling products directly to consumers, the company provides brands and retail partners with marketplace access, advertising solutions, fulfillment, logistics and other technology-enabled services.
Zalando serves customers in numerous European markets through localized websites and mobile applications.
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