For the second quarter, the cosmetics retailer reported earnings of 94 cents a share, beating the Thomson Reuters consensus of 83 cents a share by 11 cents. Revenue grew 22.2% year over year to $734.23 million for the quarter, above analysts' estimates of $713.01 million for the quarter.
Looking forward to the third quarter, Ulta Salon expects earnings of 79 cents to 84 cents a share, compared to analysts' estimates of 83 cents a share. The retailer expects revenue of $724 million to $736 million for the third quarter, above analysts' estimates of $717.46 million for the quarter.
TheStreet Ratings team rates ULTA SALON COSMETCS & FRAG as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate ULTA SALON COSMETCS & FRAG (ULTA) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its 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 good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."