Lakeland(US:LAKE) ZACKSยท2024-12-05 23:41Company Performance - Lakeland Industries reported quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.40 per share, and down from $0.34 per share a year ago, representing an earnings surprise of -97.50% [1] - The company posted revenues of $45.76 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 5.93%, compared to year-ago revenues of $31.68 million [2] - Over the last four quarters, Lakeland Industries has not surpassed consensus EPS estimates, but has topped consensus revenue estimates two times [2] Stock Performance and Outlook - Lakeland Industries shares have increased approximately 24.5% since the beginning of the year, while the S&P 500 has gained 27.6% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.52 on $46 million in revenues, and $0.96 on $164 million in revenues for the current fiscal year [7] Industry Context - The Security and Safety Services industry, to which Lakeland Industries belongs, is currently in the top 25% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Lakeland Industries' stock performance [5][6]