Lululemon Expected to Report Decline in Q1 Earnings; Analysts Adjust Price Targets
Lululemon Likely To Report Lower Q1 Earnings; These Most Accurate Analysts Revise Price Target Ahead Of Earnings Call
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Lululemon Athletica Inc is set to announce its first quarter earnings, with estimates predicting a 35.8% drop in EPS to $1.67 and a slight revenue increase to $2.43 billion. Analysts have revised their price targets, reflecting a cautious outlook amid broader retail challenges.
- 01Lululemon's EPS is forecasted at $1.67, down 35.8% from the previous year.
- 02Revenue is expected to reach $2.43 billion, marking a 2.6% year-on-year growth.
- 03The company's stock recently hit a 52-week low due to challenges in the retail sector.
- 04Analyst Michael Binetti raised the price target to $130 while maintaining an In-Line rating.
- 05Jay Sole from UBS lowered the price target to $153, keeping a Neutral rating.
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Lululemon Athletica Inc (NASDAQ:LULU) is anticipated to release its first quarter financial results on Thursday, with analysts projecting earnings per share (EPS) of $1.67, reflecting a 35.8% decline compared to the same period last year. Revenue estimates stand at $2.43 billion, which indicates a modest 2.6% year-on-year growth. The company's stock has faced pressure, recently hitting a 52-week low amid broader challenges in the retail and apparel sectors, contributing to a decline of 0.35% to close at $126.03. Analysts have adjusted their price targets in response to these developments. Evercore ISI's Michael Binetti has raised the target to $130, while UBS's Jay Sole has reduced it to $153. Meanwhile, BTIG's Janine Stichter maintains a Buy rating with a target of $225, and Piper Sandler's Anna Andreeva has lowered her target to $130. Baird's Mark Altschwager has also cut his target to $170, reflecting a cautious outlook on the company's performance amid ongoing market challenges.
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Lululemon's anticipated earnings report may influence investor confidence and stock performance in the retail sector.
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