Ulta (Nasdaq: ULTA) is expected to report Q3 earnings on Nov. 29. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Ulta's revenues will grow 22.1% and EPS will expand 33.3%.

The average estimate for revenue is $504.2 million. On the bottom line, the average EPS estimate is $0.56.

Revenue details
 Last quarter, Ulta booked revenue of $481.7 million. GAAP reported sales were 22% higher than the prior-year quarter's $394.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, EPS came in at $0.54. GAAP EPS of $0.54 for Q2 were 42% higher than the prior-year quarter's $0.38 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 34.8%, 80 basis points better than the prior-year quarter. Operating margin was 11.9%, 180 basis points better than the prior-year quarter. Net margin was 7.3%, 120 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.20 billion. The average EPS estimate is $2.61.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 268 members out of 313 rating the stock outperform, and 45 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Ulta a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ulta is outperform, with an average price target of $104.67.

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