Lululemon (LULU) closed at $174.15 in the latest trading session, marking a +0.66% move from the prior day. This change outpaced the S&P 500's 0.68% loss on the day. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, lost 1.46%.
Prior to today's trading, shares of the athletic apparel maker had lost 0.18% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 1.38% and the S&P 500's loss of 1.19% in that time.
Wall Street will be looking for positivity from LULU as it approaches its next earnings report date. On that day, LULU is projected to report earnings of $0.71 per share, which would represent year-over-year growth of 29.09%. Meanwhile, our latest consensus estimate is calling for revenue of $757.03 million, up 16.52% from the prior-year quarter.
LULU's full-year Zacks Consensus Estimates are calling for earnings of $4.67 per share and revenue of $3.76 billion. These results would represent year-over-year changes of +21.61% and +14.36%, respectively.
Investors might also notice recent changes to analyst estimates for LULU. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.95% higher. LULU currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, LULU currently has a Forward P/E ratio of 37.08. This valuation marks a premium compared to its industry's average Forward P/E of 15.67.
Investors should also note that LULU has a PEG ratio of 2.02 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Textile - Apparel was holding an average PEG ratio of 1.45 at yesterday's closing price.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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lululemon athletica inc. (LULU) : Free Stock Analysis Report
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