Ulta Beauty (ULTA) Stock Slides as Market Rises: Facts to Know Before You Trade

In the latest trading session, Ulta Beauty (ULTA) closed at $689.42, marking a -2.46% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.56%. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 0.78%. Heading into today, shares of the beauty products retailer had gained 4.62% over the past month, outpacing the Retail-Wholesale sector's loss of 5.72% and the S&P 500's loss of 1.27%.The upcoming earnings release of Ulta Beauty will be of great interest to investors. The company's upcoming EPS is projected at $7.93, signifying a 6.26% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.82 billion, up 9.62% from the year-ago period. ULTA's full-year Zacks Consensus Estimates are calling for earnings of $25.56 per share and revenue of $12.36 billion. These results would represent year-over-year changes of +0.87% and +9.46%, respectively. Investors should also note any recent changes to analyst estimates for Ulta Beauty. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.27% higher. Ulta Beauty is holding a Zacks Rank of #3 (Hold) right now. In terms of valuation, Ulta Beauty is currently trading at a Forward P/E ratio of 24.88. This denotes a premium relative to the industry average Forward P/E of 18.25. One should further note that ULTA currently holds a PEG ratio of 3.3. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Retail - Miscellaneous industry had an average PEG ratio of 2.72. The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 90, finds itself in the top 37% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ulta Beauty Inc. (ULTA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks