Yahoo Finance Lululemon (LULU) Boasts Earnings & Price Momentum: Should You Buy?
Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
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.
LULU was added to the Zacks Focus List on December 12, 2017 at $73.64 per share. Since then, shares have increased 452.12% to $406.58.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.02 to $12.13. LULU also boasts an average earnings surprise of 6.8%.
Earnings for Lululemon are forecasted to see growth of 20.5% for the current fiscal year as well.
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
