What''s In Store For Ulta Beauty This Earnings Season? Analyst Predicts Lower Margins
JP Morgan analyst Christopher Horvers reiterated an Overweight rating on Ulta Beauty, Inc. (NASDAQ: ULTA ), lowering the price forecast to $450 from $544. The company will report its earnings results tomorrow after the closing bell. Horvers lowered the company’s comp forecast to flat for the second quarter, as most investors expect a -1% outcome. The analyst has reduced the comps estimate for the second half of 2024 to +1%, with a revised second-quarter EPS of $5.46 and FY24 EPS of $25.10, compared to the consensus estimates of $5.50 and $25.36, respectively. Also Read: Ambarella To Rally Around 61%? Here Are 10 Top Analyst Forecasts For Wednesday According to … Full story available on Benzinga.com
https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40609609/whats-in-store-for-ulta-beauty-this-earnings-season-analyst-predicts-lower-margins