What's In Store For Ulta Beauty This Earnings Season? Analyst Predicts Lower Margins

JP Morgan analyst Christopher Horvers reiterated an Overweight rating on Ulta Beauty, Inc. ULTA, lowering the price forecast to $450 from$544. The company will report its earnings results tomorrow after the closing bell. Horvers lowered the company's comp forecast to flat for the second quarter, as most investors expect a -1% outcome. The analyst has reduced the comps estimate for the second half of 2024 to +1%, with a revised second-quarter EPS of $5.46 and FY24 EPS of$25.10, compared to the consensus es ...