Ulta Beauty Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Ulta Beauty, Inc. (NASDAQ:ULTA) is set to release its Q4 financial results on March 14, 2024, with analysts forecasting an earnings increase to $7.53 per share from $6.68 the previous year, and revenue to rise to $3.53 billion from $3.23 billion. Following better-than-expected Q3 sales, ULTA's stock rose 2.1% to $567.18. Analysts from UBS, JP Morgan, Oppenheimer, Baird, and DA Davidson have recently updated their ratings and price targets for ULTA, reflecting a positive outlook.
March 14, 2024 | 2:37 pm
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POSITIVE IMPACT
Ulta Beauty is anticipated to report increased earnings and revenue for Q4, with a positive stock movement and upgraded analyst ratings and price targets.
The anticipation of higher earnings and revenue for Q4, combined with recent positive stock movement and a series of analyst upgrades, suggests a bullish short-term outlook for ULTA. The consistent analyst confidence and upward revisions in price targets further support a positive impact on ULTA's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100