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Here's What to Expect from Ulta Beauty's (ULTA) Q3 Earnings
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Shares of Ulta Beauty, Inc. (ULTA - Free Report) plummeted over 5% Tuesday morning just a few days before the company is set to release its third quarter financial results. The dip helps to slow a run of outsized success for ULTA stock. So, let’s see what investors should expect from Ulta after the closing bell Thursday.
Overview
Roughly 90% of the S&P 500’s retail sector have reported their quarterly earnings results so far, which includes industry powers Target (TGT - Free Report) , Walmart (WMT - Free Report) , Macy’s (M - Free Report) , and Amazon (AMZN - Free Report) . Total earnings for these companies jumped 27.1% from the year-ago quarter on 6.8% higher revenues (also read: Q3 Earnings Season Scorecard).
Meanwhile, cosmetic giant Ulta is coming off a second quarter that saw its revenues surge over 15% to reach $1.49 billion. Plus, the company’s comp sales popped 6.5%, which came after Ulta’s same-store sales climbed 11.7% in the year-ago period. The company’s adjusted Q2 earnings also soared 34% and e-commerce sales climbed 38%.
Price Movement
Ulta has performed well over the last year and this has been reflected in its stock price. Shares of the beauty retailer have surged 30% over the past 12 months, which crushed the S&P 500’s 6% climb and its industry’s 18% jump. Investors can also see that Ulta has performed even better over the last five years.
Ulta stock hovered down around 5% at $291 a share following morning trading Tuesday, after briefly touching a new high.
Outlook & Earnings Trends
Ulta, which currently boasts 1,124 stores, is projected to see its Q3 revenue surge by 16.3% to reach $1.56 billion, based on our current Zacks Consensus Estimate. Plus, the company’s full-year revenues are expected to climb 13.8% to reach $6.7 billion.
Moving onto the bottom end of the income statement, Ulta is expected to see its adjusted quarterly earnings soar 27.1% to reach $2.16 per share. Better yet, the company’s full-year earnings are projected to surge nearly 34%. Investors should, however, note that Ulta’s earnings estimate revisions have been rather mixed recently, as the chart below helps us see.
Ulta is currently a Zacks Rank #3 (Hold) based, in part, on its recent earnings revision activity. The company is scheduled to release its Q3 financial results after the market closes on Thursday.
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Here's What to Expect from Ulta Beauty's (ULTA) Q3 Earnings
Shares of Ulta Beauty, Inc. (ULTA - Free Report) plummeted over 5% Tuesday morning just a few days before the company is set to release its third quarter financial results. The dip helps to slow a run of outsized success for ULTA stock. So, let’s see what investors should expect from Ulta after the closing bell Thursday.
Overview
Roughly 90% of the S&P 500’s retail sector have reported their quarterly earnings results so far, which includes industry powers Target (TGT - Free Report) , Walmart (WMT - Free Report) , Macy’s (M - Free Report) , and Amazon (AMZN - Free Report) . Total earnings for these companies jumped 27.1% from the year-ago quarter on 6.8% higher revenues (also read: Q3 Earnings Season Scorecard).
Meanwhile, cosmetic giant Ulta is coming off a second quarter that saw its revenues surge over 15% to reach $1.49 billion. Plus, the company’s comp sales popped 6.5%, which came after Ulta’s same-store sales climbed 11.7% in the year-ago period. The company’s adjusted Q2 earnings also soared 34% and e-commerce sales climbed 38%.
Price Movement
Ulta has performed well over the last year and this has been reflected in its stock price. Shares of the beauty retailer have surged 30% over the past 12 months, which crushed the S&P 500’s 6% climb and its industry’s 18% jump. Investors can also see that Ulta has performed even better over the last five years.
Ulta stock hovered down around 5% at $291 a share following morning trading Tuesday, after briefly touching a new high.
Outlook & Earnings Trends
Ulta, which currently boasts 1,124 stores, is projected to see its Q3 revenue surge by 16.3% to reach $1.56 billion, based on our current Zacks Consensus Estimate. Plus, the company’s full-year revenues are expected to climb 13.8% to reach $6.7 billion.
Moving onto the bottom end of the income statement, Ulta is expected to see its adjusted quarterly earnings soar 27.1% to reach $2.16 per share. Better yet, the company’s full-year earnings are projected to surge nearly 34%. Investors should, however, note that Ulta’s earnings estimate revisions have been rather mixed recently, as the chart below helps us see.
Ulta is currently a Zacks Rank #3 (Hold) based, in part, on its recent earnings revision activity. The company is scheduled to release its Q3 financial results after the market closes on Thursday.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>