NEW YORK (TheStreet) -- ULTA Salon, Cosmetics & Fragrance (ULTA) - Get Report shares closed Tuesday's trading session up by 0.28% to $206.59, ahead of the company's 2016 first quarter financial results, which are due out on Thursday after the market close.

Year-over-year, both profit and revenue are projected to rise. 

For the recent period, Wall Street is looking for earnings of $1.29 a share on revenue of $1.03 billion.

A year ago, the company earned $1.04 a share on revenue of $868.12 million. 

Oppenheimer analysts are bullish and think the company will post another "solid quarter."

In particular, "recent industry developments--particularly accelerating challenges in the department store channel--bode well for ULTA's ability to sustain comp momentum," according to the firm's note.

Separately, Ulta Salon, Cosmetics & Fragrances has a "buy" rating and a letter grade of A- at TheStreet Ratings because of the company's robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins.

You can view the full analysis from the report here: ULTA

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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