Back to top

Increased Earnings Estimates Seen for lululemon athletica (LULU): Can It Move Higher?

Read MoreHide Full Article

lululemon athletica inc. (LULU - Free Report) is a designer, distributor, and retailer of athletic apparel and accessories that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LULU’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that lululemon athletica could be a solid choice for investors.

Current Quarter Estimates for LULU

In the past 30 days, 12 estimates have gone higher for lululemon athletica while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 63 cents per share 30 days ago, to 68 cents today, a move of 7.9%.

Current Year Estimates for LULU

Meanwhile, lululemon athletica’s current year figures are also looking quite promising, with 15 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $3.22 per share 30 days ago to $3.52 per share today, an increase of 9.3%.

lululemon athletica inc. Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 25.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

lululemon athletica inc. (LULU) - free report >>

More from Zacks Tale of the Tape

You May Like