Ulta Beauty, Inc. (NASDAQ: ULTA) is set to announce its fourth-quarter financial results after the market closes on March 14, 2024. Analysts are anticipating quarterly earnings of $7.53 per share, a rise from $6.68 per share in the same period last year. Revenue for the latest quarter is projected to reach $3.53 billion, compared to $3.23 billion in the year-ago quarter.
Ulta Beauty reported better-than-expected third-quarter sales results on Nov. 30, which has sparked investor interest. The company’s shares saw a 2.1% increase, closing at $567.18 on Wednesday.
Leading analysts at Benzinga have been closely monitoring Ulta Beauty’s performance. UBS analyst Michael Lasser, known for an 80% accuracy rate, maintained a Buy rating and raised the price target from $575 to $690 on March 5, 2024. JP Morgan analyst Christopher Horvers, with a 76% accuracy rate, also maintained an Overweight rating and increased the price target from $535 to $600 on Feb. 15, 2024. Additionally, Oppenheimer analyst Rupesh Parikh, Baird analyst Mark Altschwager, and DA Davidson analyst Michael Baker have all revised their ratings and price targets for Ulta Beauty in recent months.
Investors and market enthusiasts can access the latest analyst ratings on the Benzinga website, where they can sort by various criteria to gain valuable insights into Ulta Beauty’s performance.
As the anticipation builds for Ulta Beauty’s earnings call, market observers are eagerly awaiting the company’s financial results to gauge its performance and potential impact on the stock market.
