Athletic attire retailer Lululemon (NASDAQ:LULU) can be reporting outcomes this Thursday afternoon. Right here’s what to anticipate.
Lululemon missed analysts’ income expectations by 0.5% final quarter, reporting revenues of $2.53 billion, up 6.5% 12 months on 12 months. It was a slower quarter for the corporate, with full-year EPS steering lacking analysts’ expectations considerably and EPS steering for subsequent quarter lacking analysts’ expectations considerably.
Is Lululemon a purchase or promote going into earnings? Learn our full evaluation right here, it’s free for lively Edge members.
This quarter, analysts expect Lululemon’s income to develop 3.3% 12 months on 12 months to $2.48 billion, slowing from the 8.7% improve it recorded in the identical quarter final 12 months. Adjusted earnings are anticipated to come back in at $2.21 per share.
Analysts protecting the corporate have usually reconfirmed their estimates over the past 30 days, suggesting they anticipate the enterprise to remain the course heading into earnings. Lululemon has missed Wall Avenue’s income estimates twice over the past two years.
Taking a look at Lululemon’s friends within the attire retailer section, some have already reported their Q3 outcomes, giving us a touch as to what we are able to count on. Zumiez delivered year-on-year income progress of seven.5%, beating analysts’ expectations by 2%, and American Eagle reported revenues up 5.7%, topping estimates by 3.1%. Zumiez traded up 12.3% following the outcomes whereas American Eagle was additionally up 14.6%.
Learn our full evaluation of Zumiez’s outcomes right here and American Eagle’s outcomes right here.
There was optimistic sentiment amongst traders within the attire retailer section, with share costs up 10.5% on common over the past month. Lululemon is up 7% throughout the identical time and is heading into earnings with a mean analyst worth goal of $190.19 (in comparison with the present share worth of $182.16).
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