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.
The Zacks consensus estimates for Ulta is $1.29 per share, and ULTA has a Zacks Rank #2 with a VGM Score of B.
Join David Bartosiak of Zacks Investment Research for a live preview of Gaps earnings along with real-time trade ideas. To watch, become a fan of Zacks Investment Research on Facebook, and tune in at 2:00 pm CST.
David Bartosiak is the editor of the Momentum Trader and [Home Run Investor] service. He has over a decade of experience in the financial services industry. He has traded forex, futures, stocks, and options. Mr. Bartosiak is a frequent guest on popular business news TV channels such as Bloomberg TV. He’s also the host of a light-hearted, Millennial-minded series of videos called “Trending Stocks.”
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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.
The Zacks consensus estimates for Ulta is $1.29 per share, and ULTA has a Zacks Rank #2 with a VGM Score of B.
Join David Bartosiak of Zacks Investment Research for a live preview of Gaps earnings along with real-time trade ideas. To watch, become a fan of Zacks Investment Research on Facebook, and tune in at 2:00 pm CST.
David Bartosiak is the editor of the Momentum Trader and [Home Run Investor] service. He has over a decade of experience in the financial services industry. He has traded forex, futures, stocks, and options. Mr. Bartosiak is a frequent guest on popular business news TV channels such as Bloomberg TV. He’s also the host of a light-hearted, Millennial-minded series of videos called “Trending Stocks.”
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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