NEW YORK (TheStreet) -- Lululemon Athletica Inc. (LULU) is scheduled to report its 2014 third quarter earnings results before the market open on Thursday, December 11, and analysts are expecting the designer and retailer of athletic apparel to report mixed results for the latest quarter.
For the most recent quarter analysts are expecting Lululemon to post earnings of 38 cents per share on revenue of $424.68 million.
Analysts are expecting a year-over-year rise in net sales, but a year-over-year decline in earnings per share.
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For the 2013 third quarter the company reported diluted earnings of 45 cents per share, on revenue of $379.9 million.
Shares of Lululemon are down by 1.91% to $46.82 in late afternoon trading on Wednesday.
Separately, TheStreet Ratings team rates LULULEMON ATHLETICA INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LULULEMON ATHLETICA INC (LULU) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."