Lululemon Athletica’s 4Q16 Earnings: What You Can Expect
Lululemon Athletica’s 4Q16 earnings preview
Lululemon Athletica (LULU) is slated to release its results for the fourth quarter and 2016 overall on Wednesday, March 29.
Wall Street expects an 18.8% YoY (year-over-year) increase in Lululemon’s 4Q16 earnings to $1.01 per share on total sales of $783.5 million.
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The company’s earnings per share rose 11.7% in 9M16 (the first nine months of 2016) to $1.15. Total sales rose 14.6% YoY to $1.55 billion during the period.
About Lululemon Athletica
The company has a market capitalization of $8.75 billion (as of March 17, 2017).
ETF investors seeking to add exposure to LULU can consider the iShares Edge MSCI Multifactor Consumer Discretionary ETF (CNDF), which invests 1.5% of its portfolio in LULU.
Valuations update and stock recommendation
The average 12-month price target from the 35 analysts covering LULU is $73.81, indicating an upside of ~16% over the next one-year period.
Of the 35 analysts, 18 have recommended a “buy” on the stock, 15 have recommended a “hold,” and two analysts have recommended selling the stock.
In this series, we’ll look at Lululemon’s year-to-date performance and provide a view of its expected performance in 4Q16. Towards the end, we’ll briefly touch upon the company’s stock market performance and Wall Street recommendations.