JUMP REPORT
LULUMON (LULU)
EARNINGS RELEASE - SEPTEMBER 8 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .55/share REV: 842.5/M
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NEXT QTR: EPS: .94/share REV: 981.8/M
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FULL YR: EPS: 4.22/share REV: 4,010/M
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LAST QTR: EPS: .23/share ACTUAL: .22/share (MISS)
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BEAT/MISS RECORD: 65% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -6.02, -8.33, -6.43
EXPECTED JUMP MOVE THIS QUARTER: 10+%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
To hit its five-year growth goal, the popular athletic apparel business will need to win a few rounds against a formidable opponent.
With summer almost here, at least one clothing retailer is counting on customers getting out to hit some tee shots or play some tennis. Lululemon is betting on large numbers of people playing them, or at least wearing the clothes. Launched earlier, Lululemon’s Spring 2022 Tennis Collection features bright tennis dresses, high-waisted skirts, polo shirts and tank tops.
Week to date, shares of Lululemon Athletica (NASDAQ: LULU) were down 10.9% as of 9:58 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. The sector has been sinking since Tuesday, when Walmart released disappointing earnings results. Over the last month, Lululemon’s stock price has fallen 33%, underperforming the 20.3% decline in the SPDR S&P Retail ETF.
In the latest trading session, Lululemon (LULU) closed at $271.22, marking a -0.48% move from the previous day.
Peloton’s shares have been in freefall in recent months, but there are still but there are still bulls out there.
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Avg Daily Volume: 1,802,080 Market Cap: 46.98B
Sector: Consumer Non-Durables Short Interest: 3.29
Ticker delayed 20 minutes
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by Team Stockjumpers