Oppenheimer analysts provided their outlook on Ulta Beauty, Inc. (NASDAQ:ULTA) ahead of the upcoming Q1 earnings report, scheduled on May 25, expecting another strong top-line delivery, but seeing more subdued bottom-line growth.
Unlike previous quarters, the analysts believe that there is not much room for improvement in earnings per share (EPS) due to an ambitious investment plan, a slightly more competitive beauty market, and a declining retail industry for non-essential items. They anticipate Q1 EPS of $6.57, compared to the Street estimate of $6.82.
On the guidance front, the analysts expect management to only reiterate full-year guidance vs. flowing through any potential beat amidst ongoing macro uncertainty and the conservative nature of the management team.
At CWEB, we are always looking to expand our network of strategic investors and partners. If you're interested in exploring investment opportunities or discussing potential partnerships and serious inquiries. Contact: jacque@cweb.com