|  | Analyst Estimates
| YR Ending | Q1 Apr | Q2 Jul | Q3 Oct | Q4 Jan | | 2012 | 0.13 | 0.13 | | | | 2011 | 0.11 | 0.12 | 0.13 | 0.29 | | 2010 | 0.08A | 0.10A | 0.10 | 0.24 | | 2009 | 0.08A | 0.06A | 0.09A | 0.21A | | 2008 | 0.10A | 0.04A | 0.08A | 0.23A |
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| YR Ending | FISC YR Annual | NUM Brokers (FISC) | CAL YR Annual | NUM Brokers (CAL) | | 2012 | 0.78 | 1 | | 0 | | 2011 | 0.64 | 10 | 0.78 | 1 | | 2010 | 0.53 | 10 | 0.64 | 10 | | 2009 | 0.43 | 7 | 0.53 | 10 | | 2008 | 0.48 | 6 | 0.43 | 7 |
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 | Disclaimer: Mean Earnings Estimates are calculated by First Call based on the earnings projections made by the analysts who cover Ulta Salon, Cosmetics and Fragrance, Inc.. Please note that any opinions, estimates or forecasts regarding Ulta Salon, Cosmetics and Fragrance, Inc.'s performance made by these analysts (and therefore the Mean estimate numbers) are theirs alone and do not represent opinions, forecasts or predictions of Ulta Salon, Cosmetics and Fragrance, Inc. or its management. Ulta Salon, Cosmetics and Fragrance, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations. |
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| Firm | Analyst | | Jefferies & Company, Inc. | Randal J. Konik | | Johnson Rice & Company LLC | Jill R. Caruthers | | JP Morgan | Brian J. Tunick | | Oppenheimer | Joseph Altobello | | Piper Jaffray | Neely J.N. Tamminga | | Raymond James & Associates, Inc. | Samantha Panella | | Robert W. Baird & Co., Inc. | Erika K. Maschmeyer | | Sidoti & Company, LLC | Anthony C. Lebiedzinski | | Thomas Weisel Partners | Liz Dunn | | William Blair & Company | Daniel Hofkin |
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| Ulta Salon, Cosmetics and Fragrance, Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Ulta Salon, Cosmetics and Fragrance, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Ulta Salon, Cosmetics and Fragrance, Inc. or its management. Ulta Salon, Cosmetics and Fragrance, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations. |
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