Part 3) Analysts role and stock market responses to the earnings information and conference call exchange Parts a) through c) use the analyst report from Piper Sandler: a) Security or financial analysts employed at brokerage houses are typically assigned to follow particular frms within an industry. Review the analyst report from Piper Sandler induded in the case and describe the type or categories of information that are included in the report. b) What information in the analyst report do you think would be most useful to investors? Be specific about the information and why you think it would be useful. Discuss at least two types of information in your answer. c) Discuss any link you see between the new information in the analysts reports and both the Q2 2023 earnings announcenent detall and the discussion in the conference call. Consensus analyst forecast information: d) Stock markets are constantly updating expectations of a company's performance. In that vein, a company's stock price prior to an earnings announcement captures an expectation of the valuation impact of the news that will be released in the announcement. Much of market's expectation is formed by a 'consensus analyst forecast. i) Describe what is meant by the term "consensus analyst forecast?" ii) Based on the Barron's artide - Lla fosts a Beat and Rave Quarter. It will Continue to Outperform feers.' following Uita's earnings release (article dated August 25, 2023), how did the actual quarterty revenues and earnings per share compare with the analyst consensus forecasts? Compute the percentage by which the actual Uita's revenues and earmings per sharediffered from the analysts expectation. Show your calculations. 4 Parts e) and f) explore the stock price reaction to Ulta's Q2 earnings release. Using Yahoo! Finance or ancther website whih stock market price information, obtain Ulta's (NadaqGS: ULTA) dosing stack price the day before, k1, (Wednesday, 8/23), the day of, t (Thursday, 8/24 ) and the day after, t+1, (Friday, 8/25 ) the earnings information was released. e) Describe the stock market reaction to the information by computing the percentage change in price over this 2 day period (both from t1 to t and from t to t+1 where t is the announcement day). Be sure to show the details of your calculation and note whether the the stock price change is a decrease or increase. From Dayn to Day: From Day to Day. st Overall, from Dayn to Daynt