The Lululemon sports clothing retailer (Nasdaq: Lulu) will bring back income tomorrow after the closing of the market. Here is what to look for.
Lululemon beat analysts’ income expectations of 0.8% in the last quarter, declaring revenues of $ 3.61 billion, up 12.7% over one year. It was a mixed quarter for the company, with a solid rhythm of the EBITDA estimates of analysts, but EPS advice for analysts’ expectations in the next quarter lacking significantly.
Is Lululemon a purchase or a sale in income? Read our full analysis here, it’s free.
This quarter, analysts expect Lululemon’s revenues to increase 7.2% over a year to 2.37 billion dollars, slowing down the 10.4% increase in the same quarter last year. The adjusted profits should cost $ 2.60 per share.
Analysts covering the company have generally reconfirmed their estimates in the last 30 days, suggesting that they anticipate that the company remains during income. Lululemon has only missed Wall Street income estimates only once in the past two years, exceeding high -level expectations of 1%on average.
Looking at the Lululemon clothing record segment, some have already reported their first quarter results, giving us a clue to what we can expect. Urban Outfitters recorded growth in annual sliding income of 10.7%, beating analysts’ expectations by 2.5%, and GAC declared income up 2.2%, exceeding estimates of 1.3%. Urban Outfitters increased by 23% as a result of the results while Gap fell by 20.1%.
Read our complete analysis of the results of the Urban Outfitters here and the results of GAP here.
There has been a positive feeling among investors in the clothing retailers segment, with equity prices on average of 13.9% in the last month. Lululemon is up 24.1% in the same time and heads for profit with an average analyst course target of $ 334.95 (compared to the current share of the $ 335.95 action).
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