Ulta Beauty (ULTA - Free Report) closed at $230.49 in the latest trading session, marking a -1.5% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.06%. Elsewhere, the Dow lost 1.81%, while the tech-heavy Nasdaq lost 2.99%.
Prior to today's trading, shares of the beauty products retailer had lost 22.96% over the past month. This has lagged the Retail-Wholesale sector's loss of 5.47% and the S&P 500's loss of 6.47% in that time.
Investors will be hoping for strength from ULTA as it approaches its next earnings release, which is expected to be March 21, 2019. The company is expected to report EPS of $3.56, up 29.45% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.13 billion, up 9.75% from the year-ago period.
ULTA's full-year Zacks Consensus Estimates are calling for earnings of $10.89 per share and revenue of $6.77 billion. These results would represent year-over-year changes of +33.46% and +15.03%, respectively.
Investors might also notice recent changes to analyst estimates for ULTA. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection has moved 0.12% lower. ULTA is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ULTA currently has a Forward P/E ratio of 21.48. This represents a premium compared to its industry's average Forward P/E of 9.53.
We can also see that ULTA currently has a PEG ratio of 1.17. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Miscellaneous was holding an average PEG ratio of 1.38 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 33% of all 250+ industries.
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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.