Yahoo Finance Lululemon (LULU) Boasts Earnings & Price Momentum: Should You Buy?
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Lululemon (LULU)
Founded in 1998 and based in Vancouver, Canada, lululemon athletica inc. is a yoga-inspired athletic apparel company that creates lifestyle components. The company designs, manufactures and distributes athletic apparel and accessories for women, men and female youth.
Since being added to the Zacks Focus List on December 12, 2017 at $73.64 per share, shares of LULU have increased 416.44% to $380.31.
For fiscal 2023, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $9.89. LULU boasts an average earnings surprise of 10.4%.
Moreover, analysts are expecting Lululemon's earnings to grow 27% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like LULU, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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lululemon athletica inc. (LULU) : Free Stock Analysis Report
