Top Wall Street Forecasters Revamp Lululemon Expectations Ahead Of Q3 Earnings - Lululemon Athletica (NASDAQ:LULU)

Core Insights - Lululemon athletica inc. is set to release its third-quarter earnings results on December 11, with analysts expecting earnings of $2.21 per share, a decrease from $2.87 per share in the same quarter last year [1] - The consensus revenue estimate for the quarter is $2.48 billion, compared to $2.4 billion reported in the previous year [1] Financial Performance - In the second quarter, Lululemon reported revenue of $2.53 billion, which was slightly below the consensus estimate of $2.54 billion [2] - Following the second-quarter report, shares of Lululemon increased by 2.9%, closing at $187.62 [2] Analyst Ratings - Guggenheim analyst Simeon Siegel initiated coverage with a Neutral rating [3] - Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating with a price target of $200 [3] - BTIG analyst Janine Stichter maintained a Buy rating with a price target of $303 [3] - UBS analyst Jay Sole kept a Neutral rating and reduced the price target from $185 to $183 [3] - Baird analyst Mark Altschwager downgraded the stock from Outperform to Neutral, lowering the price target from $225 to $195 [3]