Ulta Beauty Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Ulta Beauty, Inc. ULTA is expected to release its financial results for its fourth quarter, after the closing bell on March 14, 2024.

Analysts expect the Bolingbrook, Illinois-based company to report quarterly earnings at $7.53 per share, up from $6.68 per share in the year-ago period. Ulta Beauty is projected to post revenue of $3.53 billion for the latest quarter, compared to $3.23 billion in the year-earlier quarter, according to data from Benzinga Pro.

On Nov. 30, Ulta Beauty reported better-than-expected third-quarter sales results.

Ulta Beauty shares gained 2.1% to close at $567.18 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• UBS analyst Michael Lasser maintained a Buy rating and boosted the price target from $575 to $690 on March 5, 2024. This analyst has an accuracy rate of 80%.
• JP Morgan analyst Christopher Horvers maintained an Overweight rating and raised the price target from $535 to $600 on Feb. 15, 2024. This analyst has an accuracy rate of 76%.
• Oppenheimer analyst Rupesh Parikh reiterated an Outperform rating with a price target of $525 on Dec. 1, 2023. This analyst has an accuracy rate of 74%.
• Baird analyst Mark Altschwager maintained an Outperform rating and raised the price target from $550 to $560 on Dec. 1, 2023. This analyst has an accuracy rate of 70%.
• DA Davidson analyst Michael Baker maintained a Buy rating and raised the price target from $495 to $530 on Dec. 1, 2023. This analyst has an accuracy rate of 81%.

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