Beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ: ULTA) will be reporting earnings this Thursday afternoon. Here’s what investors should know.

Ulta beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $2.85 billion, up 4.5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.

Is Ulta a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Ulta’s revenue to grow 4.9% year on year to $2.68 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $5.11 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ulta has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.4% on average.

Looking at Ulta’s peers in the specialty retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Sally Beauty posted flat year-on-year revenue, meeting analysts’ expectations, and Warby Parker reported revenues up 13.9%, topping estimates by 0.7%. Sally Beauty traded up 21.1% following the results while Warby Parker was down 3.9%.

Read our full analysis of Sally Beauty’s results here and Warby Parker’s results here.

There has been positive sentiment among investors in the specialty retail segment, with share prices up 2.4% on average over the last month. Ulta is up 1.1% during the same time and is heading into earnings with an average analyst price target of $545.36 (compared to the current share price of $525.20).

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