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Ulta Beauty (ULTA) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest close session, Ulta Beauty (ULTA - Free Report) was down 1.04% at $558.55. The stock fell short of the S&P 500, which registered a gain of 0.8% for the day. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq appreciated by 1.63%.
The beauty products retailer's shares have seen an increase of 8.2% over the last month, not keeping up with the Retail-Wholesale sector's gain of 11% and outstripping the S&P 500's gain of 8.11%.
Analysts and investors alike will be keeping a close eye on the performance of Ulta Beauty in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $6.91, marking a 3.13% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.08 billion, up 8.16% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $28.4 per share and a revenue of $13.22 billion, demonstrating changes of +10.76% and +6.69%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Ulta Beauty. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.14% lower. Ulta Beauty is currently a Zacks Rank #3 (Hold).
In the context of valuation, Ulta Beauty is at present trading with a Forward P/E ratio of 19.87. This represents a premium compared to its industry average Forward P/E of 15.74.
Meanwhile, ULTA's PEG ratio is currently 2.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Miscellaneous industry had an average PEG ratio of 2.05 as trading concluded yesterday.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 82, this industry ranks in the top 34% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Ulta Beauty (ULTA) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, Ulta Beauty (ULTA - Free Report) was down 1.04% at $558.55. The stock fell short of the S&P 500, which registered a gain of 0.8% for the day. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq appreciated by 1.63%.
The beauty products retailer's shares have seen an increase of 8.2% over the last month, not keeping up with the Retail-Wholesale sector's gain of 11% and outstripping the S&P 500's gain of 8.11%.
Analysts and investors alike will be keeping a close eye on the performance of Ulta Beauty in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $6.91, marking a 3.13% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.08 billion, up 8.16% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $28.4 per share and a revenue of $13.22 billion, demonstrating changes of +10.76% and +6.69%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Ulta Beauty. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.14% lower. Ulta Beauty is currently a Zacks Rank #3 (Hold).
In the context of valuation, Ulta Beauty is at present trading with a Forward P/E ratio of 19.87. This represents a premium compared to its industry average Forward P/E of 15.74.
Meanwhile, ULTA's PEG ratio is currently 2.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Miscellaneous industry had an average PEG ratio of 2.05 as trading concluded yesterday.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 82, this industry ranks in the top 34% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.