Ulta Beauty Surpasses Expectations with Earnings of $0.62 and Strong Profits

According to the Ulta Beauty (NASDAQ: ULTA) report, the earnings per share for the third quarter was $5.14, surpassing analysts' expectations of $4.52 by $0.62. The reported profits for this quarter were determined to be $2.53 billion, while analyst expectations were $2.49 billion.

Guidance Ulta Beauty has set its earnings per share for the fiscal year 2024 in the range of $23.20 to $23.75, while analyst estimates were at $23.13. The company's profit for the fiscal year 2024 is projected to be between $11.10 billion and $11.20 billion, compared to analyst estimates of $11.17 billion.

Ulta Beauty's stock closed the day at $392.87, reflecting a 6.88% increase over the past three months. However, the stock has decreased by 20.55% over the last 12 months. In the last 90 days, Ulta Beauty saw 5 positive earnings per share reports and 10 negative ones.

Check here to see how Ulta Beauty's stock price has reacted to past earnings reports. According to InvestingPro, Ulta Beauty's financial health score is rated as "Good performance."

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