New Delhi, March 17 -- Lululemon Athletica Inc. shares gained on Tuesday as investors awaited the company's fourth quarter earnings release following the closing bell.

Wall Street analysts forecast earnings per share (EPS) of $4.79 on $3.58 billion in revenue. This projected performance represents a sharp sequential increase over the previous quarter's $2.59 EPS and $2.60 billion in sales, even though year-over-year EPS is expected to decline by 22%.

The Lululemon stock currently trades at roughly 12x forward earnings - a valuation trough not seen in over ten years - after retreating to $159.91 from a 52-week peak of $348.50. Despite this significant pullback, the analyst consensus remains a "Hold," with a mean price target of $205.88 s...