Lululemon (LULU) outperforms market and sector with positive growth trends

From Nasdaq: 2024-11-22 17:45:03

In the latest market close, Lululemon (LULU) reached $317.11, outperforming the S&P 500 with a +0.63% movement. Shares of the athletic apparel maker have gained 5.4% in the past month, as the Consumer Discretionary sector rose by 8.31%.

Lululemon’s upcoming earnings report on December 5, 2024, projects an EPS of $2.73 and revenue of $2.35 billion, showing positive growth trends. Analysts’ estimate revisions indicate favorable business outlook and profitability, aligning with the Zacks Rank system’s history of exceeding expectations.

Lululemon is trading at a Forward P/E ratio of 22.48, a premium compared to its industry average. With a PEG ratio of 2.29, LULU is positioned for growth in the Textile – Apparel industry, which ranks in the top 27% of all industries. Stay updated on stock-moving metrics with Zacks.com.

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Read more at Nasdaq: Lululemon (LULU) Surpasses Market Returns: Some Facts Worth Knowing