J.Jill (JILL) Q1 Earnings and Revenues Surpass Estimates

Company Performance - J.Jill reported quarterly earnings of $1.22 per share, exceeding the Zacks Consensus Estimate of $1.14 per share, and up from $0.96 per share a year ago [1] - The company posted revenues of $161.51 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 0.95%, compared to $149.42 million in the same quarter last year [2] - J.Jill has exceeded consensus revenue estimates four times over the last four quarters [2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.07 on revenues of $155.05 million, and for the current fiscal year, it is $3.38 on revenues of $615.1 million [4] - The estimate revisions trend for J.Jill is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [13] Industry Context - The Retail - Apparel and Shoes industry, to which J.Jill belongs, is currently in the top 22% of over 250 Zacks industries, suggesting a positive outlook for the sector [5] - The industry has shown that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [5] Stock Performance - J.Jill shares have increased approximately 36.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 12.2% [11]