Earnings Outlook For Ulta Beauty
Portfolio Pulse from Benzinga Insights
Ulta Beauty (NASDAQ:ULTA) is expected to report an EPS of $7.52 in its upcoming quarterly earnings on March 14, 2024. Analysts and investors are particularly focused on whether the company will surpass this estimate and provide positive guidance for future growth. Historical data shows Ulta Beauty's stock price reacts significantly to earnings performance and guidance. Last quarter, ULTA beat the EPS estimate by $0.12, leading to a 10.81% stock price increase the following day. Over the past year, ULTA shares have risen by 8.8%, with the stock currently trading at $555.57.
March 13, 2024 | 2:04 pm
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Ulta Beauty is anticipated to report a Q4 EPS of $7.52, with investors keen on earnings performance and future guidance. Historical trends show significant stock price movements post-earnings, with a notable 10.81% increase after last quarter's beat.
Given ULTA's history of stock price increases following earnings beats and the anticipation surrounding its upcoming report, there's a strong likelihood of positive short-term impact if it meets or exceeds expectations. The focus on guidance will also play a crucial role in investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100