Will JJSF's Q2 earnings beat forecasts again?

**JJSF's Q2 earnings are unlikely to beat forecasts again**, based on the following analysis:

1. **Previous Performance**: J & J Snack Foods (JJSF) reported a disappointing Q4 with revenues slightly below expectations and a significant miss on adjusted operating income estimates. This performance indicates that the company has not consistently exceeded forecasts.
2. **Current Estimates**: The estimated EPS for Q2 2025 is $0.71, and the estimated revenue is $369.67 million. These estimates reflect a more modest growth expectation, suggesting that beating these forecasts would be challenging.

3. **Market Sentiment**: The overall sentiment for packaged food stocks, including JJSF, has been cautious due to factors such as changing consumer preferences and increased competition. This sentiment is reflected in the average decline of 2% in share prices since the latest earnings results.
4. **Lack of Positive Indicators**: There are no recent positive indicators or trends in the market that would suggest a strong likelihood of JJSF surpassing expectations in Q2. The absence of such indicators makes it difficult to argue for an earnings beat.

In conclusion, given the company's recent performance, the cautious market sentiment, and the absence of positive indicators, it is more likely that JJSF's Q2 earnings will not beat forecasts again.