Ulta Beauty topped estimates in Q3

Ulta Beauty topped estimates in Q3

The beauty retailer showed resilience during the pandemic

The largest US beauty retailer – Ulta Beauty - posted Q3 2020 earnings that beat estimates.

For the past quarter, Ulta Beauty reported an EPS of $1.64, topping the $1.51 expected. Although it beat this year’s consensus, the numbers came in lower than last year’s $2.25 a share. The EPS came ahead of the estimates three times over the last four quarters.

Ulta posted revenues of $1.55 billion, the numbers coming ahead of the consensus by 0.31%. But like the EPS, it came below than Q3 2019 figures of $1.68 billion. Two quarters out of four, the revenue figures surpassed the consensus.

The company didn’t provide any information for the future, but the market expects an EPS of $2.46 on revenues of $2.01 billion. For the whole fiscal year, the EPS is seen at $3.31, and revenues are expected to reach $5.98 billion.

After the news hit the wire, the company’s stock price added 2.67%. Since the beginning of the year, Ulta Beauty stock price gained 11.4%, while USA500 went up 13.6%.

Sources: finance.yahoo.com, businesswire.com

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