Ulta Beauty, Inc. (ULTA) is likely to register top-line growth when it reports first-quarter fiscal 2024 earnings on May 30. The Zacks Consensus Estimate for revenues is pegged at $2.72 billion, which suggests an increase of 3.2% from the prior-year quarter's reported figure. However, the bottom line is likely to decline year over year. The consensus mark for quarterly earnings has decreased by 1 cent in the past seven days to $6.23 per share. This indicates a decline of 9.5% from the year-ago quarter's rep ...

This focus on a single niche has resonated with many shoppers. Ulta did $11.2 billion in revenue last year, up from $10.2 billion a year prior. Ten years ago, it was only doing $3 billion in annual revenue. With a $112 billion beauty-products market in the United States, the company still has a long runway to steal market share from legacy operators like department stores and mass merchandisers. As long as it keeps up its superior customer offering, I think it can do just that. Comp sales slow, but that's n ...

There are multiple paths to good returns for shareholders. Shares of cosmetics retail chain Ulta Beauty (ULTA 1.50%) are down more than 30% from all-time highs. But this is not a business in decline at all. And it's quite easy to prove. Ulta Beauty had zero long-term debt as of February 2024. As investing great Peter Lynch used to say, "It's very hard to go bankrupt when you don't have any debt." To this I'll add that it's even harder to go bankrupt when a company is also profitable. And Ulta is very profit ...

The investment community will be paying close attention to the earnings performance of Ulta Beauty in its upcoming release. The company is slated to reveal its earnings on May 30, 2024. In that report, analysts expect Ulta Beauty to post earnings of $6.24 per share. This would mark a year-over-year decline of 9.3%. Alongside, our most recent consensus estimate is anticipating revenue of $2.73 billion, indicating a 3.47% upward movement from the same quarter last year. For the full year, the Zacks Consensus ...

Wall Street analysts forecast that Ulta Beauty (ULTA) will report quarterly earnings of $6.24 per share in its upcoming release, pointing to a year-over-year decline of 9.3%. It is anticipated that revenues will amount to $2.73 billion, exhibiting an increase of 3.5% compared to the year-ago quarter. Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Ulta Beauty (ULTA) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on May 30, 2024, might help the stock move higher if these key numbers are better than expecta ...

Ulta Beauty (ULTA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this beauty products retailer have returned -8.9%, compared to the Zacks S&P 500 composite's +7.3% change. During this period, the Zacks Retail - Miscellaneous industry, which Ulta falls in, has gained 2.2%. The key question now is: What could be the stock's future direction? Altho ...

DoorDash says it is expanding its 3-year-old partnership with Ulta Beauty.The company announced in a news release provided to PYMNTS Monday (May 20) that it was now offering on-demand and same-day delivery of beauty products from more than 1,350 locations across all 50 states.The partnership marks Ulta’s introduction to consumers shopping on the DoorDash marketplace and the first time all DoorDash customers in the U.S. users will have access to a beauty retailer on the platform.“As the largest beauty retail ...

Is beauty retailer Ulta's slowing growth a temporary issue or a pattern?If you've ever seen a stock price chart, you know that stock movements, whether up or down, are never linear.Sometimes, the way the stock behaves in the short term can influence investors to make poor decisions. A price jump can get investors excited, leading them to buy in only to see the stock fall. A drop can scare investors into selling shares of a company they had good reason to buy, leaving them to miss out on its recovery.Nobody ...

Ulta Beauty (ULTA) closed the latest trading day at $401.04, indicating a -0.59% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.21% for the day. On the other hand, the Dow registered a loss of 0.1%, and the technology-centric Nasdaq decreased by 0.26%. Coming into today, shares of the beauty products retailer had lost 4.98% in the past month. In that same time, the Retail-Wholesale sector gained 3.78%, while the S&P 500 gained 5.04%. The investment ...