Tilly's (TLYS) Reports Break-Even Earnings for Q2

Group 1 - Tilly's reported break-even quarterly earnings per share, surprising the market as the consensus estimate was a loss of $0.06, compared to a loss of $0.04 per share a year ago, indicating a 100% earnings surprise [1] - The company posted revenues of $162.87 million for the quarter ended July 2024, missing the Zacks Consensus Estimate by 0.57%, but showing an increase from $159.95 million year-over-year [2] - Tilly's shares have underperformed the market, losing about 34.5% since the beginning of the year, while the S&P 500 gained 15.7% [3] Group 2 - The current consensus EPS estimate for the coming quarter is -$0.17 on revenues of $146.69 million, and for the current fiscal year, it is -$0.83 on revenues of $597.25 million [7] - The Zacks Industry Rank for Retail - Apparel and Shoes is in the top 39% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8] Group 3 - Tilly's has surpassed consensus EPS estimates three times over the last four quarters and topped consensus revenue estimates two times in the same period [2] - The estimate revisions trend for Tilly's is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]