Ulta Beauty Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Ulta Beauty (NASDAQ:ULTA) is set to release its first-quarter financial results after the closing bell on Thursday. Analysts expect earnings of $6.23 per share and revenue of $2.72 billion. The company has consistently topped revenue expectations for 10 straight quarters. Recent analyst ratings have seen price target reductions, with mixed ratings ranging from Buy to Neutral.
May 30, 2024 | 2:10 pm
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Ulta Beauty is expected to report Q1 earnings of $6.23 per share and revenue of $2.72 billion. The company has a strong track record of beating revenue expectations. Recent analyst ratings show mixed sentiment with price target reductions.
The mixed analyst ratings and price target reductions indicate uncertainty about Ulta Beauty's short-term performance. However, the company's strong track record of beating revenue expectations provides some positive sentiment. Overall, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100