Ulta Beauty Will Report Earnings Today! Here’s What we think.

Ulta Beauty, Inc. ULTA is likely to register a decline in the top and bottom lines when it reports second-quarter fiscal 2020 numbers on Aug 27. The Zacks Consensus Estimate has dropped 13.6% over the past 30 days to 19 cents per share. This also suggests a slump of 93.1% from earnings of $2.76 reported in the prior-year period. However, Ulta Beauty delivered a negative earnings surprise in the last reported quarter. Further, this beauty retailer has a trailing four-quarter negative earnings surprise of 86.8%, on average. The Zacks Consensus Estimate for revenues is pegged at almost $1,277 million, indicating a decline of almost 24% from the prior-year quarter’s reported figure.


Ulta Beauty Inc. Price, Consensus and EPS Surprise


Ulta Beauty Inc. price-consensus-eps-surprise-chart | Ulta Beauty Inc. Quote

https://finance.yahoo.com/news/ulta-beauty-ulta-gears-q2-120912054.html


Moreover, Ulta has a strong balance sheet, and analysts see reasons to stay positive, including increasing demand for skin-care products, strong online sales, and a loyal customer base. Others have high hopes that Ulta will rebound quickly when people start to leave the house again.

Analysts are looking for Ulta to earn 8 cents a share on revenue of $1.25 billion. That compares with a $1.39 per-share loss and revenue of $1.17 billion in the previous quarter.

Just over two-thirds of the 28 analysts tracked by FactSet rate Ulta at a Buy or the equivalent, with the remainder rating it at Hold. there are no bearish calls on the stock. The average analyst price target is $261.13.

The stock is down 13% for the year, worse than the 1% drop year to date for the Dow Jones Industrial Average.

https://www.barrons.com/articles/ulta-beauty-earnings-preview-51598393197


How does Pineapple Stocks Feel About The Earnings?


We are bearish on the earnings due to Covid-19.

166 views
Get Alerts On Our Blog

© 2019 by Pineapple Stocks LLC. AZ: 1990944 Copyright Reserved

Once again, we stress the importance of understanding all of the risks of any form of trading or investing that you choose to do. One should fully understand the worst-case scenario prior to trading or investing real dollars. Past performance is not necessarily indicative of future results. You take full responsibility for all trading actions and should make every effort to understand the risks involved. Pineapple Stocks LLC. is not responsible for any losses that may occur from trading our opinions. You must take on your own due diligence.  
Please read our terms and conditions. By subscribing, joining or purchasing a membership you are agreeing to all terms and conditions.
View our terms and conditions under Plans pages. SMS alerts may have additional fees.