Friday, January 21, 2022

What the Analysts Are Forecasting for Ulta Beauty Inc. (ULTA) Earnings

The third quarter results of Ulta Beauty Inc. (NASDAQ: ULTA) are expected to be released this week. Investors anticipate that the company’s yearly sales and earnings forecasts will be raised once again.


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Ulta Beauty announced a better-than-expected revenue rebound in the last quarter after a difficult 2020. Sales increased to $2 billion from $1.2 billion the previous year and $1.7 billion in the first quarter of 2019. A commercial climate that has led to the strong demand for cosmetics, such as make-up and skin care. Ulta Beauty has seen a significant rise in customer traffic, both online and in-store.


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Ulta Beauty had predicted a moderate 4% YoY increase in LFL sales through 2024, as well as the installation of about 50 additional locations every year. This year, the firm hopes to achieve an operating margin of at least 13%, but management believes it will be able to enhance this to 14% in the future years. This will allow profits per share to expand at a double-digit compound annual growth rate (CAGR).

In each of the last two quarters, Ulta Beauty has boosted its projection for 2021, and this week’s report might see another hike. With an operating margin of roughly 13%, the corporation is now aiming sales of $8.1 billion to $8.3 billion.

These figures translate to $14.5 to $14.7 in profits per share. Instead than opening new outlets fast, the business intends to focus on increasing internet sales. These changes could help boost profitability and lower financial risk, maybe by boosting sales.

On Monday, ULTA’s stock increased 0.47 percent to $401.42. The stock volume stayed at 0.55 million shares, which was lower than the previous 50-day average daily volume of 0.67 million shares. Furthermore, the company has a $21.71 billion market valuation and 54.67 million outstanding shares.

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