American Eagle Outfitters (AEO) Q1 Earnings Surpass Estimates

Company Performance - American Eagle Outfitters (AEO) reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, and up from $0.17 per share a year ago, representing an earnings surprise of 21.43% [1] - The company posted revenues of $1.14 billion for the quarter ended April 2024, slightly missing the Zacks Consensus Estimate by 0.34%, compared to $1.08 billion in the same quarter last year [1] - Over the last four quarters, American Eagle has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [1] Stock Performance - American Eagle shares have increased approximately 13% since the beginning of the year, outperforming the S&P 500's gain of 11.2% [2] - The current consensus EPS estimate for the upcoming quarter is $0.35 on revenues of $1.28 billion, and for the current fiscal year, it is $1.72 on revenues of $5.43 billion [4] Industry Outlook - The Retail - Apparel and Shoes industry, to which American Eagle belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook [5] - Another company in the same industry, Zumiez, is expected to report a quarterly loss of $1.14 per share, reflecting a year-over-year change of -18.8%, with revenues anticipated to be $171.48 million, down 6.2% from the previous year [5][6]