On Thursday, Ulta Inc will release earnings for the Q1 of fiscal year 2016. Ulta (UTLA) has a #2 Buy according to the Zacks Rank. [Ulta was featured as our Bull of the Day on May 3, 2016]

Ulta Beauty operates 874 retail stores across 48 states and also sells beauty products through its website. In addition to selling beauty products, some larger locations operate full service salons. According Zacks Value Editor Tracey Ryniec, "lta is known for selling drugstore brand products, such as Maybelline and Cover Girl, it has been expanding into more up market brands such as Lancome and Urban Decay."

Ultra has posted 9 earnings beats in a row and they look to be ready for another after positive news from their March Guidance. Comparable store sales are expected to grow another 8% to 10% in the year while e-commerce sales are expected to jump by 40%. They are opening 100 new locations and remodeling 12 more.

ULTA SALON COSM Price and EPS Surprise

ULTA SALON COSM Price and EPS Surprise | ULTA SALON COSM Quote

The Zacks consensus estimates for Ulta is $1.29 per share, and ULTA has a Zacks Rank #2 with a VGM Score of B.

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