Ulta Salon Second Quarter Earnings Sneak Peek

Ulta Salon (NASDAQ:ULTA) will unveil its latest earnings on Thursday, September 8, 2011. Ulta Salon Cosmetics & Fragrances, Inc. is a beauty retailer that provides one-stop shopping for mass and salon products and salon services in the United States.

Ulta Salon Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 32 cents per share, a rise of 45.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 30 cents. Between one and three months ago, the average estimate moved up, but it has been unchanged at 32 cents during the last month. For the year, analysts are projecting profit of $1.63 per share, a rise of 40.5% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting net income of 37 cents per share against a mean estimate of profit of 31 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $384.2 million in revenue this quarter, a rise of 19.4% from the year ago quarter. Analysts are forecasting total revenue of $1.72 billion for the year, a rise of 18.6% from last year’s revenue of $1.45 billion.

Analyst Ratings: six out of 10 analysts surveyed (60%) have a buy rating on Ulta Salon.. This is below the mean analyst rating of six competitors, which average 62.5% buy ratings.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 19.3%, with the biggest boost coming in the most recent quarter when revenue rose 20.6% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 70.5% while it rose 48.8% in the fourth quarter of the last fiscal year and 67.9% in the third quarter of the last fiscal year.

Competitors to Watch: Sally Beauty Hldgs., Inc. (NYSE:SBH), Perfumania Holdings, Inc. (NASDAQ:PERF), Avon Products, Inc. (NYSE:AVP), Alberto-Culver Company (NYSE:ACV), Revlon, Inc. (NYSE:REV), Elizabeth Arden, Inc. (NASDAQ:RDEN), Inter Parfums, Inc. (NASDAQ:IPAR), Nu Skin Enterprises, Inc. (NYSE:NUS), The Procter & Gamble Co. (NYSE:PG), Parlux Fragrances, Inc. (NASDAQ:PARL), Physicians Formula Hldgs., Inc. (NASDAQ:FACE), Estee Lauder (NYSE:EL) and Johnson & Johnson (NYSE:JNJ).

Stock Price Performance: During July 8, 2011 to September 2, 2011, the stock price had fallen $13.37 (-19.5%) from $68.70 to $55.33. The stock price saw one of its best stretches over the last year between February 2, 2011 and February 14, 2011 when shares rose for nine-straight days, rising 16.5% (+$6.08) over that span. It saw one of its worst periods between August 12, 2011 and August 22, 2011 when shares fell for seven-straight days, falling 17.7% (-$10.50) over that span. Shares are up $21.33 (+62.7%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.