Ulta Magnificence (ULTA) closed at $342.28 within the newest buying and selling session, marking a +0.88% transfer from the prior day. This variation outpaced the S&P 500’s 0.12% acquire on the day.
Previous to as we speak’s buying and selling, shares of the sweetness merchandise retailer had gained 2% over the previous month. This has outpaced the Retail-Wholesale sector’s acquire of 1.33% and lagged the S&P 500’s acquire of three% in that point.
ULTA shall be seeking to show energy because it nears its subsequent earnings launch, which is predicted to be August 25, 2021. In that report, analysts anticipate ULTA to publish earnings of $2.19 per share. This is able to mark year-over-year progress of 200%. In the meantime, the Zacks Consensus Estimate for income is projecting internet gross sales of $1.71 billion, up 39.57% from the year-ago interval.
ULTA’s full-year Zacks Consensus Estimates are calling for earnings of $12.17 per share and income of $7.83 billion. These outcomes would symbolize year-over-year modifications of +161.16% and +27.3%, respectively.
Buyers may also discover current modifications to analyst estimates for ULTA. These revisions assist to indicate the ever-changing nature of near-term enterprise tendencies. With this in thoughts, we will contemplate constructive estimate revisions an indication of optimism in regards to the firm’s enterprise outlook.
Based mostly on our analysis, we imagine these estimate revisions are instantly associated to near-team inventory strikes. Buyers can capitalize on this through the use of the Zacks Rank. This mannequin considers these estimate modifications and gives a easy, actionable ranking system.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a outstanding, outside-audited observe report of success, with #1 shares delivering a mean annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant throughout the previous month. ULTA at present has a Zacks Rank of #1 (Sturdy Purchase).
Valuation can also be necessary, so buyers ought to observe that ULTA has a Ahead P/E ratio of 27.89 proper now. This represents a premium in comparison with its trade’s common Ahead P/E of 15.7.
Buyers also needs to observe that ULTA has a PEG ratio of 1.69 proper now. This metric is used equally to the well-known P/E ratio, however the PEG ratio additionally takes under consideration the inventory’s anticipated earnings progress fee. The Retail – Miscellaneous was holding a mean PEG ratio of 1.42 at yesterday’s closing value.
The Retail – Miscellaneous trade is a part of the Retail-Wholesale sector. This group has a Zacks Business Rank of 41, placing it within the prime 17% of all 250+ industries.
The Zacks Business Rank contains is listed so as from finest to worst by way of the typical Zacks Rank of the person corporations inside every of those sectors. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Make sure to comply with all of those stock-moving metrics, and lots of extra, on Zacks.com.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.