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Ulta Beauty (ULTA) Gains But Lags Market: What You Should Know
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Ulta Beauty (ULTA - Free Report) closed the most recent trading day at $520.18, moving +0.86% from the previous trading session. This change lagged the S&P 500's 1.15% gain on the day. At the same time, the Dow added 1.11%, and the tech-heavy Nasdaq gained 11.35%.
Coming into today, shares of the beauty products retailer had gained 5.04% in the past month. In that same time, the Retail-Wholesale sector gained 1.99%, while the S&P 500 gained 4.49%.
Wall Street will be looking for positivity from Ulta Beauty as it approaches its next earnings report date. The company is expected to report EPS of $5.53, up 2.22% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.01 billion, up 10.25% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Ulta Beauty. These recent revisions tend to reflect the evolving nature of short-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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.16% higher. Ulta Beauty is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, Ulta Beauty currently has a Forward P/E ratio of 21.31. For comparison, its industry has an average Forward P/E of 15.83, which means Ulta Beauty is trading at a premium to the group.
We can also see that ULTA currently has a PEG ratio of 1.55. 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 was holding an average PEG ratio of 1.89 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Gains But Lags Market: What You Should Know
Ulta Beauty (ULTA - Free Report) closed the most recent trading day at $520.18, moving +0.86% from the previous trading session. This change lagged the S&P 500's 1.15% gain on the day. At the same time, the Dow added 1.11%, and the tech-heavy Nasdaq gained 11.35%.
Coming into today, shares of the beauty products retailer had gained 5.04% in the past month. In that same time, the Retail-Wholesale sector gained 1.99%, while the S&P 500 gained 4.49%.
Wall Street will be looking for positivity from Ulta Beauty as it approaches its next earnings report date. The company is expected to report EPS of $5.53, up 2.22% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.01 billion, up 10.25% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Ulta Beauty. These recent revisions tend to reflect the evolving nature of short-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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.16% higher. Ulta Beauty is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, Ulta Beauty currently has a Forward P/E ratio of 21.31. For comparison, its industry has an average Forward P/E of 15.83, which means Ulta Beauty is trading at a premium to the group.
We can also see that ULTA currently has a PEG ratio of 1.55. 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 was holding an average PEG ratio of 1.89 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.