Just caught CRI's latest earnings report and it actually beat expectations pretty nicely. The company posted $1.9 EPS versus the consensus estimate of $1.7, which is a solid 12% beat. Revenue also came in above expectations at $925.45M, up from $859.71M year-over-year. Not bad for a children's apparel maker in a tough retail environment.

What caught my attention is how CRI has been performing relative to the broader market. The stock is up about 29.7% since the start of the year while the S&P 500 is barely up 0.9%. That's a pretty significant outperformance. The company also topped revenue estimates four times over the last four quarters, so this isn't just a one-off beat.

That said, the retail apparel industry isn't exactly on fire right now - it's sitting in the bottom 39% of Zacks-ranked industries. So while CRI is doing well relative to its peers, the sector headwinds are real. Analysts currently have a Buy rating on CRI with an EPS estimate of $0.52 for the next quarter. The real question now is whether management's guidance on the earnings call gives investors confidence that this momentum can continue or if we're looking at a peak.

Worth keeping an eye on how the next few earnings revisions shake out. Sometimes the market gets ahead of itself with stocks like this.