Lululemon has become one of the most searched-for stocks on Zacks.com, with shares down 9.3% over the past month against a 1.4% gain for the Zacks S&P 500 composite while the Zacks Textile - Apparel industry lost 2.5%. For the current quarter, Lululemon is expected to post earnings of $0.97 per share, a decline of 62.6% from the year-ago quarter, with the Zacks Consensus Estimate unchanged over the last 30 days. For the current fiscal year, the consensus earnings estimate of $9.55 points to a change of -28% from the prior year and has moved +1.2% over the last 30 days, while the next fiscal year's estimate of $8.62 indicates a change of -9.7% and has fallen 5.7% over the past month. The consensus sales estimate of $2.31 billion for the current quarter points to a year-over-year change of -10%, with $10.5 billion and $10.58 billion estimates for the current and next fiscal years indicating changes of -5.5% and +0.8%, respectively. Lululemon reported revenues of $2.42 billion in the last reported quarter, a year-over-year change of -4.3%, with EPS of $2.06 versus $3.1 a year ago, and the recent change in the consensus estimate along with three other factors has resulted in a Zacks Rank #5 (Strong Sell) for Lululemon.
Lululemon Athletica Inc.Zacks Rank #5 (Strong Sell) with consensus estimates cut and expected 62.6% EPS decline for the current quarter.
