Ulta Beauty (ULTA) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $6.55
- Estimate
- $6.20
- Surprise
- +5.6%
- Revenue (period 2026-08-01)
- $3.04B
- Score at report (before → after)
- 5.8 → 5.8/10
Revenue source: xbrl.
How the report landed
Ulta Beauty (ULTA) beat the $6.20 estimate with diluted EPS of $6.55 — a clear 5.6% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.8/10) to Hold at 5.8/10 after the report.
Coverage in the report window
- UBS Maintains Buy on Ulta Beauty, Lowers Price Target to $710 — benzinga, 2026-08-28
Where TrendMatrix's rating stands now
TrendMatrix currently rates ULTA Sell at 5.5/10.
3 of the last 4 quarters beat the estimate; this quarter's +5.6% surprise compares with a +7.3% four-quarter average. Next scheduled report: 2026-12-03.
What supports the rating
- Strong earnings beat streak (3/4)
What argues against it
- Concentration risk — Supplier: top ten brand partners (51.0%)
- Thin upside margin: 3.3%
- Sector modifier (Consumer Cyclical): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $545.47
- Price target
- $564.88
- Stop
- $509.16
- Upside to target
- +3.6%
- Reward-to-risk
- 0.3:1
At 19.9× trailing and 17.1× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-09-14 — shown for context, not personalized investment advice.
ULTA at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Specialty Retail
- Market cap
- $23.38B
- P/E (fwd)
- 17.1
- P/E (ttm)
- 19.9
- 52-week range
- $443.60–$714.97
- Off 52-week high
- 23.7%
- RSI (14)
- 59
- Volume vs avg
- 0.59×
- Score today
- 5.5/10