Lululemon Q3 EPS Forecast at $4.74 on $3.6B Revenue, ESP +0.89%
Lululemon is forecast to report Q3 EPS of $4.74, a 22.8% drop year-over-year, on revenue of $3.6 billion, down 0.3% from the prior year. Analysts’ revisions have lifted the quarter’s earnings estimate by 1.31%, generating a +0.89% Earnings ESP alongside an analyst rank of #3 that suggests a likely EPS beat.
1. Earnings Estimate Overview
Lululemon is expected to post Q3 earnings of $4.74 per share, marking a 22.8% year-over-year decline, on revenues forecast at $3.6 billion, down 0.3% from the year-ago quarter. This reflects broader pressures on athletic apparel demand and sets a baseline for the company’s near-term performance.
2. Estimate Revisions and Earnings ESP
Analysts have raised the consensus EPS estimate by 1.31% over the past month, leading to a positive Earnings ESP of +0.89%. This indicates that the Most Accurate Estimate, reflecting the latest analyst updates, exceeds the broader consensus and increases the probability of an earnings beat.
3. Analyst Rank Implications
The stock carries an analyst rank of #3, signaling a hold recommendation but combined with a positive Earnings ESP it historically points to a roughly 70% chance of surpassing consensus EPS. Investors will look for management’s commentary on inventory and consumer trends to gauge sustainability.
4. Historical Surprise Performance
Lululemon has beaten consensus EPS estimates in each of the past four quarters, including a +16.7% surprise in the last reported period when it delivered $2.59 versus estimates of $2.22. This track record underpins the current optimism about its upcoming report.