Ulta Beauty (ULTA) Q4 2025 Earnings Preview: Analysts Expect Adjusted EPS of $7.91

Bolingbrook, Illinois-based Ulta Beauty Inc. (ULTA), a specialty beauty retailer with a $30.3 billion market cap, is set to report fiscal Q4 2025 earnings soon. Analysts forecast an adjusted EPS of $7.91, down 6.5% from $8.46 in the same period last year. Despite this, ULTA has consistently exceeded Wall Street expectations over the past four quarters. For fiscal 2025, analysts project an adjusted EPS of $25.54, a marginal increase from $25.34 in fiscal 2024. Looking ahead, adjusted EPS is expected to rise 11.2% year-over-year to $28.41 in fiscal 2026. Shares of ULTA have surged 62.9% over the past year, outperforming both the S&P 500 Index ($SPX) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY). Following its Q3 2025 results on December 4, which beat expectations with EPS of $5.14 and revenue of $2.86 billion, ULTA raised its full-year fiscal 2025 guidance, projecting net sales of approximately $12.3 billion and EPS of $25.20 to $25.50. Analysts maintain a cautiously optimistic outlook, with a consensus "Moderate Buy" rating. As of the article's publication date, shares trade above the average analyst price target of $662.95.