Ulta Beauty Q2 2024 GAAP EPS $5.30 Misses $5.55 Estimate, Sales $2.552B Miss $2.618B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ulta Beauty reported Q2 2024 earnings per share of $5.30, missing the analyst estimate of $5.55. Sales were $2.552 billion, below the expected $2.618 billion, but up 0.87% from last year.
August 29, 2024 | 8:05 pm
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Ulta Beauty's Q2 2024 earnings and sales missed analyst estimates, with EPS at $5.30 and sales at $2.552 billion. This could negatively impact the stock price in the short term.
Ulta Beauty's earnings per share and sales figures both missed analyst expectations, which typically results in negative investor sentiment and potential short-term stock price decline. The miss in EPS by 4.5% and sales by 2.52% suggests weaker-than-expected performance, which is critical for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100