We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lululemon (LULU) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Lululemon (LULU - Free Report) closed at $138.16, marking a -2.97% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.04%. Meanwhile, the Dow experienced a drop of 0.57%, and the technology-dominated Nasdaq saw an increase of 0.04%.
Heading into today, shares of the athletic apparel maker had lost 7% over the past month, lagging the Consumer Discretionary sector's gain of 3.86% and the S&P 500's gain of 12.24%.
Investors will be eagerly watching for the performance of Lululemon in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.69, indicating a 35% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.44 billion, indicating a 2.75% increase compared to the same quarter of the previous year.
LULU's full-year Zacks Consensus Estimates are calling for earnings of $12.34 per share and revenue of $11.49 billion. These results would represent year-over-year changes of -6.94% and +3.5%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Lululemon. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. At present, Lululemon boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Lululemon is at present trading with a Forward P/E ratio of 11.54. This signifies a discount in comparison to the average Forward P/E of 17.53 for its industry.
Meanwhile, LULU's PEG ratio is currently 4.36. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Textile - Apparel industry held an average PEG ratio of 1.94.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Lululemon (LULU) Dips More Than Broader Market: What You Should Know
In the latest trading session, Lululemon (LULU - Free Report) closed at $138.16, marking a -2.97% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.04%. Meanwhile, the Dow experienced a drop of 0.57%, and the technology-dominated Nasdaq saw an increase of 0.04%.
Heading into today, shares of the athletic apparel maker had lost 7% over the past month, lagging the Consumer Discretionary sector's gain of 3.86% and the S&P 500's gain of 12.24%.
Investors will be eagerly watching for the performance of Lululemon in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.69, indicating a 35% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.44 billion, indicating a 2.75% increase compared to the same quarter of the previous year.
LULU's full-year Zacks Consensus Estimates are calling for earnings of $12.34 per share and revenue of $11.49 billion. These results would represent year-over-year changes of -6.94% and +3.5%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Lululemon. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. At present, Lululemon boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Lululemon is at present trading with a Forward P/E ratio of 11.54. This signifies a discount in comparison to the average Forward P/E of 17.53 for its industry.
Meanwhile, LULU's PEG ratio is currently 4.36. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Textile - Apparel industry held an average PEG ratio of 1.94.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.