Ollie's Bargain Outlet (OLLI) Q1 Earnings and Revenues Beat Estimates

Core Viewpoint - Ollie's Bargain Outlet reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.65 per share, and showing an increase from $0.49 per share a year ago, indicating a positive earnings surprise of 12.31% [1] Financial Performance - The company achieved revenues of $508.82 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 0.60%, and up from $459.15 million in the same quarter last year [2] - Over the last four quarters, Ollie's has consistently surpassed consensus EPS estimates four times and topped revenue estimates three times [2] Stock Performance - Ollie's Bargain Outlet shares have increased approximately 8.1% since the beginning of the year, while the S&P 500 has gained 10.9%, indicating underperformance relative to the broader market [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, with current consensus EPS estimates at $0.80 for the coming quarter and $3.19 for the current fiscal year, with revenues projected at $561.56 million and $2.27 billion respectively [7] - The estimate revisions trend for Ollie'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] Industry Context - The Consumer Products - Staples industry, to which Ollie's belongs, is currently in the top 20% of over 250 Zacks industries, indicating a favorable industry outlook that could positively impact stock performance [8]