What's Going On With Ulta Beauty Stock Friday?
Portfolio Pulse from Dylan Berman
Ulta Beauty, Inc. (NASDAQ:ULTA) shares are volatile following better-than-expected Q1 earnings results. The company reported EPS of $6.47, beating estimates of $6.22, and revenue of $2.726 billion, surpassing the expected $2.721 billion. Despite the positive results, Ulta lowered its fiscal-year 2024 guidance. Analysts have adjusted their price targets, mostly lowering them.
May 31, 2024 | 6:31 pm
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Ulta Beauty reported better-than-expected Q1 earnings but lowered its fiscal-year 2024 guidance. Analysts have adjusted their price targets, mostly lowering them.
While Ulta Beauty reported strong Q1 earnings, the lowered guidance for fiscal-year 2024 has led to mixed reactions from analysts, resulting in mostly lowered price targets. This creates a neutral short-term outlook for the stock.
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