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

Ulta Beauty, Inc. ULTA is set to release first-quarter financial results, after the closing bell on Thursday.

Analysts expect the Bolingbrook, Illinois-based company to report quarterly earnings at $6.23 per share, down from $6.88 per share in the year-ago period. Ulta Beauty is expected to post revenue of $2.72 billion, according to data from Benzinga Pro. The company has topped analysts’ revenue expectations in 10 straight quarters.

On March 14, Ulta Beauty said fourth-quarter revenue increased 10.2% year-over-year to $3.55 billion, which beat the consensus estimate of $3.53 billion. The specialty beauty retailer reported quarterly earnings of $8.08 per share, which beat analyst estimates of 7.53 per share.

Ulta Beauty shares fell 0.8% to close at $378.28 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.

  • Canaccord Genuity analyst Susan Anderson maintained a Buy rating and cut the price target from $575 to $522 on May 29. This analyst has an accuracy rate of 70%.
  • Citigroup analyst Kelly Crago maintained a Neutral rating and slashed the price target from $485 to $400 on May 24. This analyst has an accuracy rate of 78%.
  • Stifel analyst Mark Astrachan maintained a Hold rating and lowered the price target from $565 to $475 on May 14. This analyst has an accuracy rate of 83%.
  • Oppenheimer analyst Rupesh Parikh maintained an Outperform rating and decreased the price target from $500 to $475 on May 7. This analyst has an accuracy rate of 72%.
  • Barclays analyst Adrienne Yih downgraded the stock from Overweight to Equal-Weight and cut the price target from $612 to $434 on April 29. This analyst has an accuracy rate of 70%.

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