Notable Earnings: ULTA Salon (ULTA), GameStop (GME), Splunk (SPLK), Palo Alto Networks (PANW)

Shares of ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA) rallied $14.38 to $228.07 after the company released its earnings results on Thursday. The firm reported Q1’16 EPS of $1.45 per share vs. $1.29 consensus on $1.07 billion in revenue, up 23.7% from a year ago. The company guided Q2 revenues of $1.041-$1.06 billion, as compared to analysts’ expectations of $1.03 billion. The management also gave its bottom line range of $1.32-$1.37 per share, against projections of $1.40 per share.

ULTA shares are currently priced at 42.91x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.65x earnings multiple. The company’s current year and next year EPS growth estimates stand at 20.10% and 21.10% compared to the industry growth rates of 7.90% and 18.80%, respectively. ULTA has a t-12 price/sales ratio of 3.37. EPS for the same period registers at 4.98.

ulta chart

GameStop Corp. (GME) reported first quarter non-GAAP EPS of $0.66 after the closing bell Thursday, compared to the consensus estimate of $0.61. Revenues decreased 4.3% from last year to $1.97 billion. Analysts expected revenues of $1.97 billion. The stock is currently down $2.48 to $27.50 on 3.17 million shares. For Q2, GME provided EPS guidance of $0.28-$0.35 versus consensus of $0.33 per share.

On valuation measures, GameStop shares, which currently have an average 3-month trading volume of 3.22 million shares, trade at a trailing-12 P/E of 7.93, a forward P/E of 7.02 and a P/E to growth ratio of 0.79. The median Wall Street price target on the name is $35.50 with a high target of $46.00. Currently ticker boasts 5 ‘Buy’ endorsements, compared to 8 ‘Holds’ and 1 ‘Sell’.

gme chart

Shares of Splunk, Inc. (SPLK) are down $4.05 to $50.88 after the company reported first-quarter earnings of $186 million or ($0.02) per share. Analysts had been modeling $174.18 million and ($0.02) per share. The company guided Q2 revenues of $198-$200 million, as compared to analysts’ expectations of $198.39 million.

SPLK’s shares have advanced 5.25% in the last 4 weeks and 41.08% in the past three months. Over the past 5 trading sessions the stock has gained 8.27%. Shares of Splunk are down 7.57% this year. The San Francisco-based company, which is currently valued at $7.28B, has a median Wall Street price target of $60.00 with a high target of $86.00. SPLK is down 21.63% year-over-year as of the close of trading on Thursday.

splk chart

Palo Alto Networks, Inc. (PANW) shares are down $9.79 to $138.39 in after-hours trading Thursday after the company reported its first quarter earnings results.

The firm reported non-GAAP EPS of $0.42 per share on revenues of $345.8 million, up 47.7% from a year ago. Analysts were expecting EPS of $0.42 on revenues of $339.86 million. For Q4, PANW provided EPS guidance of $0.48-$0.50 versus consensus of $0.50 per share. The company also issued revenue projection of $386-$390 million, compared to the consensus revenue estimate of $389.16 million.

The stock has a 52-week range of $111.09 to $200.55. PANW is down 9.31% year-over-year, compared with a 1.43% loss in the S&P 500.

panw chart

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