Ulta (ULTA) Down 3.2% Since Last Earnings Report: Can It Rebound?

Andrew M. Santos

It has been about a month since the last earnings report for Ulta Beauty (ULTA). Shares have lost about 3.2% in that time frame, outperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Ulta due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

Ulta Beauty Q2 Earnings Top Estimates, Sales Miss

Ulta Beauty posted second-quarter fiscal 2020 results, with the top and the bottom line declining year over year. Also, sales missed the Zacks Consensus Estimate. Results were affected by coronavirus-led store closures. However, the company started reopening stores during the quarter, with Shop Safe standards. Also, it is witnessing improved trends.

Incidentally, comparable sales or comps improved considerably as

Read More