Lululemon Athletica Inc. (NASDAQ: LULU) is scheduled to release its fiscal fourth-quarter results after the markets close on Wednesday. The consensus estimates call for $1.74 in earnings per share (EPS) and $1.15 billion in revenue. In the same period of last year, it said it had $1.33 in EPS and $928.8 million in revenue.
The company issued guidance for the quarter back in January. Lululemon said that it expects to see EPS in the range of $1.72 to $1.74 and revenue between $1.14 billion and $1.15 billion. Comparable sales are expected to increase in the mid-to-high teens.
Lululemon’s previous guidance called for EPS of $1.64 to $1.67 and revenue of $1.115 billion to $1.125 billion, with comparable sales increasing in the high-single to low-double digits.
At that time, Calvin McDonald, CEO of Lululemon, commented:
The momentum in our business remained strong throughout the holiday season, reflecting the ongoing success of our product offerings and our connection with guests around the globe. I speak for the entire leadership team in thanking all our teams around the world for delivering a strong 2018.
Excluding Wednesday’s move, Lululemon had outperformed the broad markets, with its stock up about 18% year to date. In the past 52 weeks, the stock was actually up about 80%.
A few analysts weighed in on Lululemon ahead of the report:
- Wedbush has a Neutral rating and a $155 price target.
- Nomura has a Neutral rating with a $157 price target.
- MKM Partners has a Buy rating with a $179 price target.
- Wolfe Research has an Outperform rating with a $182 target.
- Buckingham Research has a Buy rating.
Shares of Lululemon were last seen up less than 1% at $144.21, in a 52-week range of $83.06 to $164.79. The consensus price target is $162.89.
24/7 Wall St.The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.