Ulta Beauty Inc ULTA.OQ reported quarterly adjusted earnings of $5.79 per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of $5.30. The mean expectation of twenty three analysts for the quarter was for earnings of $5.08 per share. Wall Street expected results to range from $4.64 to $5.85 per share.
Revenue rose 9.3% to $2.79 billion from a year ago; analysts expected $2.67 billion.
Ulta Beauty Inc's reported EPS for the quarter was $5.78.
The company reported quarterly net income of $260.88 million.
Ulta Beauty Inc shares had risen by 14.1% this quarter and gained 22.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 3.2% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the miscellaneous specialty retailers peer group is also "buy"
Wall Street's median 12-month price target for Ulta Beauty Inc is $550.00, about 2.9% above its last closing price of $533.81
This summary was machine generated from LSEG data August 28 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)