Athletic apparel retailer Lululemon (NASDAQ: LULU) will be reporting results this Thursday afternoon. Here’s what to look for.

Lululemon met analysts’ revenue expectations last quarter, reporting revenues of $2.37 billion, up 7.3% year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analysts’ expectations.

Is Lululemon a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Lululemon’s revenue to grow 7.1% year on year to $2.54 billion, in line with the 7.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.87 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lululemon has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.5% on average.

Looking at Lululemon’s peers in the apparel retailer segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Victoria's Secret delivered year-on-year revenue growth of 3%, beating analysts’ expectations by 4%, and Urban Outfitters reported revenues up 11.3%, topping estimates by 1.9%. Victoria's Secret traded up 1.1% following the results while Urban Outfitters was down 10.8%.

Read our full analysis of Victoria's Secret’s results here and Urban Outfitters’s results here.

There has been positive sentiment among investors in the apparel retailer segment, with share prices up 6.3% on average over the last month. Lululemon is up 2.3% during the same time and is heading into earnings with an average analyst price target of $270.82 (compared to the current share price of $200.88).

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