What's Going On With Lululemon Stock After Earnings?
Portfolio Pulse from Erica Kollmann
Lululemon Athletica Inc. (NASDAQ:LULU) reported Q2 earnings that beat analyst expectations, but revenue fell short. The stock initially rose but then pulled back due to soft full-year revenue guidance. Analysts have mixed reactions, with some raising and others lowering price targets. Lululemon shares are down over 50% year-to-date, but analysts see potential upside.
August 30, 2024 | 2:47 pm
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Lululemon's Q2 earnings beat expectations, but revenue missed estimates. The stock initially rose but fell due to soft full-year guidance. Analysts have mixed views, with some adjusting price targets. Despite being down 50% YTD, analysts see potential upside.
Lululemon's earnings beat expectations, which is positive, but the revenue miss and soft guidance led to a stock pullback. Analysts have mixed reactions, with some raising and others lowering price targets, indicating uncertainty. The stock's significant YTD drop suggests potential for recovery, but the mixed analyst sentiment tempers short-term optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100