TheStreet’s Jim Cramer is keeping an eye on Lululemon (LULU) as the athletic gear maker gets set to post its first quarter results before the open Tuesday. Cramer says Lululemon is a crap shoot. He says it’s either 5 up or 5 down. Cramer explains it would be 5 up because the fashion is still very strong. It would be 5 down because the stock has had a very major move and they also have a lot of exposure to the Canadian dollar which has been incredibly weak, he says. Lululemon could be trapped in a range. Though the fashion looks good, the financials only look okay, Cramer says. Analysts are looking for earnings per share of $0.33 for the quarter on revenue of $418 million. The company has topped Wall Street EPS estimates for the past 4 quarters and investors will be looking if it will be able to do that again.
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