Here's How Ulta Beauty (ULTA) Looks Just Ahead Of Q4 Earnings
Zacks Investment Research | Mar 09, 2020 07:13AM ET
Ulta Beauty, Inc. (NASDAQ:ULTA) is slated to release fourth-quarter fiscal 2019 results on Mar 12. The beauty retailer delivered a positive earnings surprise of 5.6% in the last reported quarter. Moreover, the company’s earnings outperformed the Zacks Consensus Estimate by 1.7%, on average, in the trailing four quarters.
The Zacks Consensus Estimate for fourth-quarter earnings has remained stable over the past 30 days at $3.71 per share. This suggests an increase of 2.8% from the year-ago period’s reported figure. Further, the consensus mark for revenues is pegged at $2,288 million, indicating a rise of 7.7% from the figure reported in the year-ago quarter.
Key Factors to Note
The company has been benefiting from efforts to enhance beauty product offerings and improve store traffic. In sync with this, the company’s focus on innovation and brand launches bode well. During the third quarter, Ulta Beauty expanded its distribution network for iconic brands like benefit, Clinique, Lancome, MAC and Estee Lauder (NYSE:EL) to additional stores and launched products under these banners. These brands are likely to have aided results in fiscal 2019. Additionally, Ulta Beauty’s loyalty program has been a key driver. The company’s excellent marketing and merchandising endeavors have helped the conversion of new guests to members of the program. Moreover, sales through gift cards have been robust, while the credit card program has also been progressing well.
Ulta Beauty Inc. Price and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.