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Ulta Beauty (ULTA) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Ulta Beauty (ULTA - Free Report) closed at $402.78, marking a -1.12% move from the previous day. This change lagged the S&P 500's daily gain of 0.21%. Elsewhere, the Dow gained 0.19%, while the tech-heavy Nasdaq added 0.11%.
Coming into today, shares of the beauty products retailer had gained 0.2% in the past month. In that same time, the Retail-Wholesale sector lost 8.18%, while the S&P 500 lost 8.08%.
Ulta Beauty will be looking to display strength as it nears its next earnings release, which is expected to be May 26, 2022. On that day, Ulta Beauty is projected to report earnings of $4.43 per share, which would represent year-over-year growth of 8.05%. Meanwhile, our latest consensus estimate is calling for revenue of $2.13 billion, up 9.95% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Ulta Beauty. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.01% higher within the past month. Ulta Beauty currently has a Zacks Rank of #3 (Hold).
Investors should also note Ulta Beauty's current valuation metrics, including its Forward P/E ratio of 21.93. This valuation marks a premium compared to its industry's average Forward P/E of 11.78.
We can also see that ULTA currently has a PEG ratio of 2.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Miscellaneous industry currently had an average PEG ratio of 1.24 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Ulta Beauty (ULTA) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Ulta Beauty (ULTA - Free Report) closed at $402.78, marking a -1.12% move from the previous day. This change lagged the S&P 500's daily gain of 0.21%. Elsewhere, the Dow gained 0.19%, while the tech-heavy Nasdaq added 0.11%.
Coming into today, shares of the beauty products retailer had gained 0.2% in the past month. In that same time, the Retail-Wholesale sector lost 8.18%, while the S&P 500 lost 8.08%.
Ulta Beauty will be looking to display strength as it nears its next earnings release, which is expected to be May 26, 2022. On that day, Ulta Beauty is projected to report earnings of $4.43 per share, which would represent year-over-year growth of 8.05%. Meanwhile, our latest consensus estimate is calling for revenue of $2.13 billion, up 9.95% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Ulta Beauty. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.01% higher within the past month. Ulta Beauty currently has a Zacks Rank of #3 (Hold).
Investors should also note Ulta Beauty's current valuation metrics, including its Forward P/E ratio of 21.93. This valuation marks a premium compared to its industry's average Forward P/E of 11.78.
We can also see that ULTA currently has a PEG ratio of 2.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Miscellaneous industry currently had an average PEG ratio of 1.24 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.