Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of Lululemon Athletica inc. (NASDAQ: LULU) are down roughly 4 percent on Monday morning, ahead of the announcement of the company’s first quarter financial results, scheduled for Tuesday morning, before the market opens.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
As it can be appreciated in the chart above, the company’s earnings respond to a cycle, peaking in the fourth quarter each year, before falling substantially in the first quarter. So, while comparing the current estimates with last quarter’s results makes no sense, contrasting them with the ones reported in the same quarter last year, does.
In the first quarter of 2014, Lululemon registered earnings of $0.34 per share on revenue of $384.6 million. Now, for the first quarter of 2015, the Street is projecting flat year-over-year earnings of $0.34 per share on slightly higher revenue of $417.57 million. Meanwhile, the crowd is projecting earnings of $0.35 per share on revenue of $420.73 million.
However, both these estimates stand above the management’s guidance of $0.32 per share in earnings and $415.5 million in revenue.
It is also interesting to see how sentiment has evolved over time. As it can be noted in the chart overhead, both the Street’s and the crowd’s consensus fell considerably over March, before establishing at their current levels.
What Analysts Are Saying
In a recent report, analysts at Stifel provided a preview of Lululemon’s earnings. According to the note, the firm expects results in line with guidance of $0.32 per share, which had been initially considered conservative. Revenue is expected to come in somewhere between $415.5 million and $421.42 million.
Related Link: Stifel's Thoughts Ahead Of Lululemon's Q1 Earnings (And A Possible Short Squeeze)
They explain that, “Given retailer 1Q results referencing weather, soft traffic trends, and port challenges, we expect inline results will be accepted as adequate (constant currency combined comp up only low-single digits with retail comps down low-single digits and gross margin within the guided range of 49%-50%).”
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.