Ulta Magnificence (ULTA) shut at $340.32 in the newest buying and selling session, marking a -.39% transfer from the prior working day. This modify lagged the S&P 500’s .2% gain on the day.
Coming into nowadays, shares of the attractiveness merchandise retailer experienced acquired .14% in the previous thirty day period. In that similar time, the Retail-Wholesale sector received .42%, although the S&P 500 attained 3.28%.
Wall Street will be wanting for positivity from ULTA as it techniques its future earnings report date. This is envisioned to be August 25, 2021. On that day, ULTA is projected to report earnings of $2.23 per share, which would depict calendar year-about-calendar year advancement of 205.48%. Meanwhile, our most up-to-date consensus estimate is calling for income of $1.73 billion, up 40.79% from the prior-year quarter.
For the full calendar year, our Zacks Consensus Estimates are projecting earnings of $12.17 per share and income of $7.84 billion, which would depict adjustments of +161.16% and +27.38%, respectively, from the prior year.
Investors should also observe any latest adjustments to analyst estimates for ULTA. The latest revisions tend to reflect the newest in the vicinity of-expression organization traits. As such, positive estimate revisions mirror analyst optimism about the firm’s organization and profitability.
Analysis suggests that these estimate revisions are right correlated with in the vicinity of-expression share selling price momentum. We created the Zacks Rank to capitalize on this phenomenon. Our method usually takes these estimate improvements into account and provides a apparent, actionable score design.
Ranging from #1 (Solid Get) to #5 (Powerful Promote), the Zacks Rank process has a established, outside-audited track file of outperformance, with #1 shares returning an normal of +25% annually because 1988. More than the previous thirty day period, the Zacks Consensus EPS estimate has moved .03% larger. ULTA is at present sporting a Zacks Rank of #1 (Sturdy Buy).
Traders should also observe ULTA’s existing valuation metrics, which include its Ahead P/E ratio of 28.07. For comparison, its business has an typical Forward P/E of 16.03, which implies ULTA is trading at a quality to the team.
In the meantime, ULTA’s PEG ratio is at present 1.7. This metric is used similarly to the famed P/E ratio, but the PEG ratio also will take into account the stock’s anticipated earnings growth charge. Retail – Miscellaneous stocks are, on normal, holding a PEG ratio of 1.44 centered on yesterday’s closing selling prices.
The Retail – Miscellaneous marketplace is aspect of the Retail-Wholesale sector. This group has a Zacks Sector Rank of 44, placing it in the top rated 18% of all 250+ industries.
The Zacks Field Rank consists of is stated in buy from finest to worst in phrases of the average Zacks Rank of the particular person organizations in just about every of these sectors. Our analysis displays that the top rated 50% rated industries outperform the bottom 50 % by a issue of 2 to 1.
Be guaranteed to stick to all of these stock-going metrics, and many extra, on Zacks.com.
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Ulta Beauty Inc. (ULTA) : Free Stock Assessment Report
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