What's Going On With Lululemon Shares Thursday?
Portfolio Pulse from Dylan Berman
Lululemon Athletica Inc. (NASDAQ:LULU) shares are moving higher on Thursday following Walmart's (NYSE:WMT) strong Q2 earnings report. Walmart reported EPS of 67 cents, beating estimates, and revenue of $169.33 billion. Lululemon is expected to report earnings on Aug. 29, with analysts estimating EPS of $2.95 and revenue of $2.41 billion. Lululemon shares are trading at about $257.07, below its 50-day moving average of $283.80.
August 15, 2024 | 3:30 pm
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POSITIVE IMPACT
Lululemon shares are moving higher following Walmart's strong Q2 earnings. Lululemon is expected to report its earnings on Aug. 29, with analysts estimating EPS of $2.95 and revenue of $2.41 billion. Currently trading at $257.07, below its 50-day moving average of $283.80.
Lululemon shares are positively impacted by Walmart's strong earnings report, which boosts investor sentiment in the retail sector. The upcoming earnings report on Aug. 29 adds to the anticipation, potentially driving short-term price increases.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Walmart reported strong Q2 earnings with EPS of 67 cents and revenue of $169.33 billion, beating analysts' estimates. This positive performance has a ripple effect on other retail stocks, including Lululemon.
Walmart's strong earnings report boosts investor confidence in the retail sector, positively impacting its own stock and other retail stocks like Lululemon. The earnings beat and revenue growth are key drivers for this positive sentiment.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 60