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Lululemon Athletic (Nasdaq: Lulu) to announce first quarter earnings results on Thursday, June 1st after market close.
The consensus estimate for EPS is $1.98 (+70.7% YoY) and the consensus revenue estimate is $1.92B (+19.3% YoY). Over the past two years, LULU has outperformed EPS and revenue estimates 88% of the time.
Over the past three months, EPS estimates have seen an upward revision of 21. Revenue estimates had 13 upward revisions and 3 downward revisions.
Lululemon (LULU) stock rose after beating fourth-quarter earnings estimates and delivering an optimistic forecast. At the time, I projected first quarter revenue of $1.89 billion – $1.93 billion and earnings per share of $1.93 – $2.00.
The fourth-quarter results were praised by Wall Street analysts, with Stifel emphasizing his belief in LULU as a key driver of growth. BofA said the exceptionally strong sales mean the inventory problem can effectively fix itself.
Lululemon (LULU) shares acquired 2.8% YTD. SA shareholder Orion Investing said the price of LULU is close to its fair value with some potential downsides.
recent news
Lululemon (LULU) is in talks to sell Mirror, the maker of home fitness equipment it bought for $500 million, as it shifts focus toward its digital app-based services.
She has contacted rowing machine maker Hydrow to offload the mirror, but no deal has been finalized.
More on Lululemon Sports
Lululemon: A closer look at the financials, growth prospects and market trends
Lululemon Athletica: The undervalued profitability star
Lululemon: Recent performance justifies the outstanding rating
