Lululemon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Lululemon Athletica Inc. LULU is set to release first-quarter financial results, after the closing bell on Wednesday.

Analysts expect the Vancouver, Canada-based company to report quarterly earnings at $2.39 per share, up from $2.28 per share in the year-ago period. Lululemon is expected to post revenue of $2.20 billion, according to data from Benzinga Pro.

On May 21, Lululemon Athletica announced an updated operational structure following the resignation of its chief product officer. The company announced that chief product officer Sun Choe has resigned from his role and will depart the company later this month to pursue other opportunities.

Lululemon shares rose 0.1% to close at $306.78 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• TD Cowen analyst John Kernan maintained a Buy rating and slashed the price target from $515 to $437 on May 29. This analyst has an accuracy rate of 75%.
• Stifel analyst Jim Duffy maintained a Buy rating and cut the price target from $539 to $410 on May 28. This analyst has an accuracy rate of 76%.
• Wedbush analyst Tom Nikic maintained an Outperform rating and decreased the price target from $492 to $397 on May 22. This analyst has an accuracy rate of 77%.
• UBS analyst Jay Sole maintained a Neutral rating and slashed the price target from $475 to $385 on May 22. This analyst has an accuracy rate of 75%.
• Barclays analyst Adrienne Yih downgraded the stock from Overweight to Equal-Weight and cut the price target from $546 to $395 on April 29. This analyst has an accuracy rate of 71%.

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