Lululemon Q3 Earnings Expected to Decline Despite Revenue Growth

Lululemon is expected to report Q3 earnings of $2.22 per share, a 22.7% decline YoY, and revenues of $2.49 billion, a 3.7% increase YoY. The consensus EPS estimate has been revised 0.15% lower over the last 30 days. Analysts' revisions and earnings surprise prediction model, Zacks Earnings ESP, may influence the stock price in the near term.