Earning Previews: Nike Versus Lululemon (NKE, LULU)
lululemonThis coming Thursday should be an interesting earnings day as we have earnings due from both Nike Inc. (NYSE: NKE) and Lululemon Athletica Inc. (NASDAQ: LULU). Nike is far larger with a $51 billion market cap and shares at an…
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This coming Thursday should be an interesting earnings day as we have earnings due from both Nike Inc. (NYSE: NKE) and Lululemon Athletica Inc. (NASDAQ: LULU). Nike is far larger with a $51 billion market cap and shares at an all-time high. Lululemon has been on fire after hitting a new all-time high on Friday with a market cap of nearly $10.5 billion.
Nike has estimates from Thomson Reuters of $1.16 EPS on $5.8 billion in revenues. The coming quarter is expected to be $1.41 EPS on $6.59 billion in sales. Shares appear to have hit a new all-time high of $111.78 on Friday. Analysts have a consensus target of $111.60 for Nike.
Lululemon Athletica has estimates from Thomson Reuters of $0.49 EPS on $362.37 million in revenues; next quarter estimates are $0.30 EPS on $257.07 million in revenues. For the year January 2013, estimates are $1.60 EPS on $1.31 billion in revenues. Lulu hit a new high of $74.50 on Friday and the consensus analyst target is $67.31.
Both companies are going to need to do very well in their earnings reports if they want their shares to continue running higher.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
