Lululemon athletica inc. has been assigned a Zacks Rank #5, or Strong Sell, reflecting significant downward revisions to earnings estimates. The consensus estimate for the current quarter has fallen 34.4% over the last 30 days to $1.79 per share, while the current fiscal year estimate has dropped 9.1% to $11.14. Shares have lost 14.5% over the past month, underperforming the broader market. The company is expected to report a 2.2% year-over-year revenue decline for the current quarter, with sales estimated at $2.47 billion.
Lululemon Athletica Inc.Earnings estimates cut sharply, consensus down 34.4% for current quarter and 9.1% for fiscal year, leading to Zacks Rank #5 Strong Sell.