Lululemon Athletica Inc <LULU.O>: Profits of $2.00 announced for third quarter

8 December 2022 10:01 p.m. ​All figures in US dollars. The profits announced by Lululemon Athletica Inc in the third quarter were higher than the Refinitiv mean estimate of profits. The company reported profits of $2.00 per share, 38 cents higher than the same quarter last year when the company reported EPS of $1.62. Profits of $1.97 per share were anticipated by the twenty three analysts providing estimates for the quarter. Wall Street expected results to range from $1.90 to $2.09 per share, with a forecasted mean of $1.97 per share. The company reported revenue of $1.86 billion, which is higher than the estimated $1.81 billion. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the apparel & accessories peer group is also "Buy". FORECAST CHANGES * Twenty five analysts are currently providing Refinitiv with estimates. * In the last week four analysts have revised earnings estimates upward and one analyst has revised an earnings estimate downward. There was a loss of two estimates. YEAR OVER YEAR * The company reported an increase in revenue to $1.86 billion from $1.45 billion in the same quarter last year.​ * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jul. 31 2022 1.87​ 2.20 Beat Apr. 30 2022 1.43 1.48 Beat Jan. 31 2022 3.28 3.37 Beat​ Oct. 31 2021 1.41 1.62 Beat This summary was machine generated from Refinitiv data December 8 at 10:01 p.m.