Lululemon Athletica (Nasdaq: LULU) is expected to report Q4 earnings on March 21. 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 29.6% and EPS will increase 45.1%.

The average estimate for revenue is $481.5 million. On the bottom line, the average EPS estimate is $0.74.

Revenue details
Last quarter, Lululemon Athletica reported revenue of $316.5 million. GAAP reported sales were 37% higher than the prior-year quarter's $230.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.39. GAAP EPS of $0.39 for Q3 were 44% higher than the prior-year quarter's $0.27 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 55.4%, 40 basis points worse than the prior-year quarter. Operating margin was 25.5%, 40 basis points worse than the prior-year quarter. Net margin was 18.1%, 120 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.37 billion. The average EPS estimate is $1.84.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,018 members out of 1,353 rating the stock outperform, and 335 members rating it underperform. Among 357 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 254 give Lululemon Athletica a green thumbs-up, and 103 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 $81.29.

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