Citi Trends, Inc. (CTRN Quick QuoteCTRN - Free Report) , the leading value-priced retailer of urban fashion apparel and accessories, released fourth-quarter fiscal 2016 results, wherein adjusted earnings of 38 cents per share outpaced the Zacks Consensus Estimate of 36 cents. Further, the bottom line also surged 58.3% from the year-ago quarter figure of 24 cents.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has declined by a penny in the last 30 days. In the trailing four quarters (excluding the quarter under review), the company missed the Zacks Consensus Estimate by an average of nearly 63%.

Revenues: Citi Trends reported total sales of $185.5 million in the fourth quarter, which increased 5.4% year over year and almost came in line with the Zacks Consensus Estimate of $186 million. Further, comparable-store sales rose 3.4% in the quarter.

Zacks Rank: Citi Trends currently carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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