Lululemon is now rated Zacks Rank #5 (Strong Sell) after analysts sharply cut their earnings estimates for the athletic apparel maker. The company is expected to post earnings of $0.97 per share for the current quarter, a year-over-year change of -62.6%, and the Zacks Consensus Estimate has fallen 61.5% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $9.55 indicates a year-over-year change of -28% and has dropped 12.6% over the past 30 days, while the next fiscal year's estimate of $8.62 is down 25.2% over the past month. The consensus sales estimate for the current quarter of $2.31 billion indicates a year-over-year change of -10%, with current and next fiscal year estimates of $10.5 billion and $10.58 billion. In the last reported quarter, Lululemon posted revenues of $2.42 billion, a year-over-year change of -4.3%, and EPS of $2.06 versus $3.1 a year ago, with the revenue figure missing the Zacks Consensus Estimate of $2.47 billion by 2.07% while EPS beat by 15.08%.
Lululemon Athletica Inc.Analysts sharply cut Lululemon's earnings estimates, earning a Zacks Rank #5 (Strong Sell) with consensus EPS down 61.5% over 30 days.
