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Ulta Beauty (ULTA) Q2 Earnings And Revenues Miss EstimatesUlta Beauty (NASDAQ:ULTA) came out with quarterly earnings of $2.76 per share, missing the Zacks Consensus Estimate of $2.79 per share. This compares to earnings of $2.46 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1.08%. A quarter ago, it was expected that this beauty products retailer would post earnings of $3.06 per share when it actually produced earnings of $3.08, delivering a surprise of 0.65%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Ulta, which belongs to the Zacks Retail - Miscellaneous industry, posted revenues of $1.67 billion for the quarter ended July 2019, missing the Zacks Consensus Estimate by 0.57%. This compares to year-ago revenues of $1.49 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ulta shares have added about 34.9% since the beginning of the year versus the S&P 500's gain of 15.2%.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead.
The current consensus EPS estimate is $2.63 on $1.75 billion in revenues for the coming quarter and $12.96 on $7.54 billion in revenues for the current fiscal year.
Source: Zack's Intl
https://www.investing.com/analysis/ulta ... -200460090
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