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Ulta Beauty (ULTA) Advances While Market Declines: Some Information for Investors
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Ulta Beauty (ULTA - Free Report) closed the most recent trading day at $675.62, moving +1.83% from the previous trading session. The stock outpaced the S&P 500's daily loss of 2.06%. At the same time, the Dow lost 1.76%, and the tech-heavy Nasdaq lost 2.39%.
The beauty products retailer's shares have seen an increase of 8.24% over the last month, surpassing the Retail-Wholesale sector's gain of 5.12% and the S&P 500's gain of 1.63%.
Analysts and investors alike will be keeping a close eye on the performance of Ulta Beauty in its upcoming earnings disclosure. The company is forecasted to report an EPS of $7.89, showcasing a 6.74% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $3.81 billion, reflecting a 9.35% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $25.52 per share and a revenue of $12.28 billion, signifying shifts of +0.71% and +8.75%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ulta Beauty. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.06% upward. Ulta Beauty currently has a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Ulta Beauty is at present trading with a Forward P/E ratio of 26. This signifies a premium in comparison to the average Forward P/E of 21.22 for its industry.
It is also worth noting that ULTA currently has a PEG ratio of 3.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Miscellaneous was holding an average PEG ratio of 2.89 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 163, this industry ranks in the bottom 34% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Ulta Beauty (ULTA) Advances While Market Declines: Some Information for Investors
Ulta Beauty (ULTA - Free Report) closed the most recent trading day at $675.62, moving +1.83% from the previous trading session. The stock outpaced the S&P 500's daily loss of 2.06%. At the same time, the Dow lost 1.76%, and the tech-heavy Nasdaq lost 2.39%.
The beauty products retailer's shares have seen an increase of 8.24% over the last month, surpassing the Retail-Wholesale sector's gain of 5.12% and the S&P 500's gain of 1.63%.
Analysts and investors alike will be keeping a close eye on the performance of Ulta Beauty in its upcoming earnings disclosure. The company is forecasted to report an EPS of $7.89, showcasing a 6.74% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $3.81 billion, reflecting a 9.35% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $25.52 per share and a revenue of $12.28 billion, signifying shifts of +0.71% and +8.75%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ulta Beauty. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.06% upward. Ulta Beauty currently has a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Ulta Beauty is at present trading with a Forward P/E ratio of 26. This signifies a premium in comparison to the average Forward P/E of 21.22 for its industry.
It is also worth noting that ULTA currently has a PEG ratio of 3.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Miscellaneous was holding an average PEG ratio of 2.89 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 163, this industry ranks in the bottom 34% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.