Ulta Beauty, Inc., the major retailer of prestige cosmetics, depends upon store foot traffic and is expanding its online offerings. The company is set to report quarterly results after the closing bell on Thursday, March 15.
The stock closed Wednesday, March 14, at $201.99, down 9.7% year to date and deep into correction territory at 19% below its Jan. 4 high of $249.30. The stock is up 5.4% from its 2018 low of $191.70 set on March 2.
Analysts expect Ulta to post earnings per share of $2.77 when the company reports results on March 15. Zacks Equity Research is upbeat on Ulta’s earnings, citing positive same-store sales comparisons. The investment research firm noted that the cosmetics retailer has beaten earnings estimates for 16 consecutive quarters. However, this optimism is not shown on the daily and weekly charts. (See also: Top 4 Cosmetics Stocks of 2018.)
Ulta Beauty reports earnings with a market-neutral P/E ratio of 26.65, below a “death cross” and holding its “reversion to the mean.” …read more
Read more here: Ulta Beauty Reports at Its ‘Reversion to the Mean’