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Ulta (ULTA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended July 2024, Ulta Beauty (ULTA - Free Report) reported revenue of $2.55 billion, up 0.9% over the same period last year. EPS came in at $5.30, compared to $6.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.61 billion, representing a surprise of -2.24%. The company delivered an EPS surprise of -2.75%, with the consensus EPS estimate being $5.45.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ulta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable sales - YoY change
: -1.2% versus 1.5% estimated by nine analysts on average.
Total stores open at end of the quarter
: 1,411 versus the eight-analyst average estimate of 1,409.
Total gross square feet at end of the quarter
: 14,782.59 Msq ft versus 14,697.45 Msq ft estimated by seven analysts on average.
Number of stores opened during the quarter
: 16 versus the five-analyst average estimate of 15.
Total stores open at beginning of the quarter
: 1,395 versus 1,395 estimated by five analysts on average.
Net Sales by Primary Category - Services
: 4% compared to the 4.5% average estimate based on two analysts.
Net Sales by Primary Category - Fragrance and bath
: 11% versus 11% estimated by two analysts on average.
Net Sales by Primary Category - Haircare products and styling tools
: 20% versus the two-analyst average estimate of 20%.
Net Sales by Primary Category - Cosmetics
: 39% versus 40.5% estimated by two analysts on average.
Net Sales by Primary Category - Accessories and other
: 2% compared to the 2% average estimate based on two analysts.
Shares of Ulta have returned +0.5% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Ulta (ULTA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended July 2024, Ulta Beauty (ULTA - Free Report) reported revenue of $2.55 billion, up 0.9% over the same period last year. EPS came in at $5.30, compared to $6.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.61 billion, representing a surprise of -2.24%. The company delivered an EPS surprise of -2.75%, with the consensus EPS estimate being $5.45.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ulta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Ulta here>>>Comparable sales - YoY change
: -1.2% versus 1.5% estimated by nine analysts on average.Total stores open at end of the quarter
: 1,411 versus the eight-analyst average estimate of 1,409.Total gross square feet at end of the quarter
: 14,782.59 Msq ft versus 14,697.45 Msq ft estimated by seven analysts on average.Number of stores opened during the quarter
: 16 versus the five-analyst average estimate of 15.Total stores open at beginning of the quarter
: 1,395 versus 1,395 estimated by five analysts on average.Net Sales by Primary Category - Services
: 4% compared to the 4.5% average estimate based on two analysts.Net Sales by Primary Category - Fragrance and bath
: 11% versus 11% estimated by two analysts on average.Net Sales by Primary Category - Haircare products and styling tools
: 20% versus the two-analyst average estimate of 20%.Net Sales by Primary Category - Cosmetics
: 39% versus 40.5% estimated by two analysts on average.Net Sales by Primary Category - Accessories and other
: 2% compared to the 2% average estimate based on two analysts.Shares of Ulta have returned +0.5% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.