Wall Street analysts expect Lululemon (LULU - Free Report) to post quarterly earnings of $2.27 per share in its upcoming report, which indicates a year-over-year increase of 13.5%. Revenues are expected to be $2.19 billion, up 17.8% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Lululemon metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Direct to consumer' reaching $903.29 million. The estimate suggests a change of +17.7% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Company-operated stores' of $1.07 billion. The estimate points to a change of +18.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Other' will likely reach $213.48 million. The estimate suggests a change of +14.5% year over year.
The consensus estimate for 'Revenues- United States' stands at $1.43 billion. The estimate indicates a change of +13.1% from the prior-year quarter.
Analysts forecast 'Revenues- Canada' to reach $302.55 million. The estimate suggests a change of +11.3% year over year.
The average prediction of analysts places 'Total stores' at 694. Compared to the current estimate, the company reported 623 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total Net New Stores' should arrive at 22. The estimate is in contrast to the year-ago figure of 23.
The consensus among analysts is that 'Total Comparable Sales' will reach 12.5%. Compared to the current estimate, the company reported 22% in the same quarter of the previous year.
View all Key Company Metrics for Lululemon here>>>
Shares of Lululemon have demonstrated returns of +14.4% over the past month compared to the Zacks S&P 500 composite's +8.6% change. With a Zacks Rank #3 (Hold), LULU is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Wall Street analysts expect Lululemon (LULU - Free Report) to post quarterly earnings of $2.27 per share in its upcoming report, which indicates a year-over-year increase of 13.5%. Revenues are expected to be $2.19 billion, up 17.8% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Lululemon metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Direct to consumer' reaching $903.29 million. The estimate suggests a change of +17.7% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Company-operated stores' of $1.07 billion. The estimate points to a change of +18.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Other' will likely reach $213.48 million. The estimate suggests a change of +14.5% year over year.
The consensus estimate for 'Revenues- United States' stands at $1.43 billion. The estimate indicates a change of +13.1% from the prior-year quarter.
Analysts forecast 'Revenues- Canada' to reach $302.55 million. The estimate suggests a change of +11.3% year over year.
The average prediction of analysts places 'Total stores' at 694. Compared to the current estimate, the company reported 623 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total Net New Stores' should arrive at 22. The estimate is in contrast to the year-ago figure of 23.
The consensus among analysts is that 'Total Comparable Sales' will reach 12.5%. Compared to the current estimate, the company reported 22% in the same quarter of the previous year.
View all Key Company Metrics for Lululemon here>>>
Shares of Lululemon have demonstrated returns of +14.4% over the past month compared to the Zacks S&P 500 composite's +8.6% change. With a Zacks Rank #3 (Hold), LULU is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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