Lululemon Athletica (Nasdaq: LULU ) is expected to report Q3 earnings on Dec. 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Lululemon Athletica's revenues will expand 32.5% and EPS will grow 37.0%.
The average estimate for revenue is $305.0 million. On the bottom line, the average EPS estimate is $0.37.
Last quarter, Lululemon Athletica booked revenue of $282.6 million. GAAP reported sales were 33% higher than the prior-year quarter's $212.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.34. GAAP EPS of $0.39 for Q2 were 50% higher than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 55.1%, 240 basis points worse than the prior-year quarter. Operating margin was 24.8%, 320 basis points worse than the prior-year quarter. Net margin was 20.2%, 210 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.37 billion. The average EPS estimate is $1.83.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,006 members out of 1,348 rating the stock outperform, and 342 members rating it underperform. Among 372 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 267 give Lululemon Athletica a green thumbs-up, and 105 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lululemon Athletica is outperform, with an average price target of $74.80.
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