Ulta Beauty, Inc. (ULTA) earnings on June 2, 2026
More Ulta Beauty, Inc. earnings
Prior outlook: Optimistic Outcome: Partial
The stock jumped as much as 9% during market review but ended the day down nearly 5% after the earnings report.
ULTA price around the earnings
470.00
Change: -5.0%
2026-06-04, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Partial
Strong optimistic potential, but the earnings reaction is a factor to consider.
Experts see significant optimistic potential for ULTA's stock, driven by promising collaborations and historical earnings beats. However, some caution is present due to a recent dip in momentum and a past earnings miss, though the stock has recently climbed ahead of upcoming earnings.
Context analyzed before publication
- Summary
- The scenario is optimistic, but the earnings reaction is a key factor.
- Reasoning
- Experts point to an optimistic scenario for ULTA's stock, driven by promising collaborations and historical earnings beats. However, some caution is warranted due to a recent dip in momentum and a past earnings miss, though the stock has recently climbed ahead of upcoming earnings.
- Playbook
- The scenario is optimistic given the analyst optimism and growth drivers. The upcoming earnings report is a key factor for confirmation or a potential shift in sentiment.
- Trend
- Momentum shifted from negative to positive run-up.
Analysts
Drivers
-
Analysts
Positive
Analysts have set a price target about 37% above the current price, with most maintaining a buy recommendation.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.81
- Analysts covering the stock
- 24
- Average price target
- 678.88
- Lowest price target
- 475
- Highest price target
- 810
- Upside to price target
- 37%
- Quarterly earnings growth
- -9.3%
- Revenue growth
- 11.8%
- Forward EPS
- 31.68
- Trailing EPS
- 25.64
- Analyst moves in the last 60 days
- 2
- Strong buy: 4
- Buy: 15
- Hold: 7
- Sell: 1
- Strong sell: 0
- Strong buy
- 4
- Buy
- 15
- Hold
- 7
- Sell
- 1
- Strong sell
- 0
- April 20, 2026 · Jefferies: Upgrades rating (Hold → Buy)
- April 14, 2026 · DA Davidson: Maintains rating (Buy → Buy)
News and sentiment
Drivers
-
News & sentiment
Positive
A recent partnership with Uber to deliver products through Uber Eats is a positive development for the business.
Evidence
Sentiment
- Sentiment
- Neutral
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (3)
- Ulta Beauty To Report First Quarter Results; These Most Accurate Analysts Maintain Ratings Ahead Of Earnings Call — Benzinga
- What's Going On With Uber Stock Thursday? — Benzinga
- Uber Collaborates With Ulta Beauty To Add Over 1,500 Ulta Outlets To Uber Eats — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's recent performance shows a decline over the last month and it is currently market review below a key support level.
Evidence
- Average true range (ATR)
- 2.7%
- Distance to 52-week high
- -30.7%
- 14-day change (14d)
- -0.7%
- 30-day change (30d)
- -12.3%
- 30-day relative strength
- -12.3%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 498.7
- Nearest resistance
- 506.71
- Volume accumulation ratio (14d / 46d)
- 1.21
Trends
Evidence
- Average earnings surprise
- +9.8%
- March 12, 2026: actual EPS 8.01 vs estimate 8.04 (surprise -0.4%)
- December 4, 2025: actual EPS 5.14 vs estimate 4.61 (surprise +11.5%)
- August 28, 2025: actual EPS 5.78 vs estimate 5.1 (surprise +13.2%)
- May 29, 2025: actual EPS 6.7 vs estimate 5.83 (surprise +14.9%)
Expected move
Drivers
-
Past earnings
Positive
The company has a strong history of exceeding earnings expectations, often by nearly 10%.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 5.5%
- 75th percentile move
- 12.1%
- 90th percentile move
- 13.5%
- Up / down moves
- 8 / 11
- Average up move
- +9.1%
- Average down move
- -5.0%
Monitoring and close
What Ulta Beauty, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -4.8%
- Max favorable move (MFE)
- 9.1%
- Max adverse move (MAE)
- 6.9%