Revenue is forecast to reach $129.36 million for the first quarter of fiscal 2024, which would be down 16.0% sequentially but up 57.2% year over year. Analysts expect a loss per share of $0.17, compared to a loss per share of $0.13 in the prior period and a loss of $0.21 in the year-ago quarter. For the full 2024 fiscal year that ends in January, ChargePoint is expected to post a loss per share of $0.49, better than the prior year’s per-share loss of $0.69. Forecast full-year revenue of $705.26 million is up 50.7% year over year.
The company is not expected to post a profit in 2024 or 2025. The price multiple for 2026 is 68.0, based on an earnings estimate of $0.14 per share. The stock’s 52-week trading range is $7.82 to $19.92, and the company does not pay a dividend. The total shareholder return for the past year was negative 30.22%.
Lululemon
Lululemon Athletica Inc. (NASDAQ: LULU) has posted a share price increase of about 12.4% over the past 12 months. The stock’s 52-week high was posted in early May, but shares have dropped 13% in the past two weeks.
One possible explanation was that duplicate products (“dupes”) were being pushed on TikTok and cutting into Lululemon’s sales and high margins. The company responded with a dupe swap at a Los Angeles store where customers with dupe Align pants could swap them for the real thing. And now, the company’s answer to the boomer generation fanny pack, the “Everywhere Belt Bag,” is back in stock and, well, everywhere–and it only costs $38. Sales of the bag soared when TikTok influencers reported earlier this year that it was one of the year’s most popular products during the first quarter.
Of 32 brokerages covering the company, 22 have a Buy or Strong Buy rating and six more have Hold ratings. At a share price of $331.00, the upside potential based on a median price target of $410.73 is 24.1%. At the high price target of $525.00, the upside potential is 58.6%.
First-quarter fiscal 2024 revenue is forecast at $1.92 billion, down 30.6% sequentially but up 19.3% year over year. Adjusted EPS are forecast at $1.98, down 55.1% sequentially and 33.8% higher year over year. For the full fiscal year that ends in January, analysts expect Lululemon to report EPS of $11.60, up 15.2%, on sales of $9.36 billion, up 15.5%.
Lululemon stock trades at 28.5 times expected 2024 EPS, 24.7 times estimated 2025 earnings of $13.42 and 21.2 times estimated 2026 earnings of $15.59 per share. Its 52-week range is $258.79 to $389.06. The company does not pay a dividend. Total shareholder return for the past year was 12.77%.
Originally published at 24/7 Wall St.
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