Ulta Beauty (ULTA) will report Q3 earnings after the market closes today (4:03 ET last quarter) with a conference call at 5 PM ET.

Current Cap IQ consensus estimates Q3 EPS of $2.13 (vs $2.18 last year) on revs of $1.69 bln (+8% yr/yr). Comp estimate of 3.2%.

ULTA will provide Q4 guidance in the press release.

Current Cap IQ Consensus estimates Q4 EPS of $3.76 (vs $3.61 last Q4) on revs of $2.31 bln (+9%). Comps estimate of 4%.

Last quarter, ULTA missed on EPS, reported revs in-line, and lowered its FY 19 outlook. Other Q2 notables:

TECHS:

ULTA has an ~$14 bln market cap and trades at a forward PE of 19x vs peers AVP (21x), SBH (8x), and EL (31x)

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