Preview: Lululemon Athletica's Earnings
Portfolio Pulse from Benzinga Insights
Lululemon Athletica (NASDAQ:LULU) is scheduled to release its quarterly earnings report on March 21, 2024. Analysts predict an EPS of $5.00. Historically, LULU has surpassed EPS estimates, leading to positive stock price movements. Last quarter, LULU beat the EPS estimate by $0.25, resulting in a 5.37% share price increase the following day. Over the past year, LULU shares have risen by 50.58%, trading at $467.27 as of March 19.
March 20, 2024 | 2:01 pm
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Lululemon Athletica is expected to report a quarterly EPS of $5.00 on March 21, 2024. Historical data shows positive stock movements following earnings beats. Shares have increased by 50.58% over the last year.
Given Lululemon Athletica's history of surpassing EPS estimates and the subsequent positive impact on its stock price, it is likely that a similar outcome could occur if the company beats the EPS estimate again. The historical data provided shows a clear pattern of stock price increases following earnings beats, suggesting a high relevance and importance of the upcoming earnings report for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100