Ulta Beauty (ULTA) Stock: What Wall Street Expects From Earnings Today
TLDR
- Ulta Beauty reports Q2 earnings Thursday after market close, with analysts expecting EPS of $6.21 on revenue of $3 billion
- The stock is down double digits year to date after selling off following each of the last two earnings reports
- Revenue growth is expected to come in at 6.9% year over year, slowing from 9.3% in the same quarter last year
- Analysts have an average price target of $623.54 versus a current price of $533.95, implying nearly 20% upside
- Two-thirds of analysts tracked by FactSet are bullish, though margin pressure from marketing spend remains a key concern
Ulta Beauty reports Q2 results Thursday after the bell. The stock is down double digits year to date and is coming off back-to-back post-earnings selloffs in March and June.
Wall Street is expecting EPS of $6.21 on revenue of $3 billion. That would represent revenue growth of 6.9% year over year, a step down from the 9.3% growth posted in the same quarter last year.
The stock is currently trading around $533.95. The average analyst price target sits at $623.54, which implies roughly 17% upside from current levels.
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