strong$>$conference call exchangeParts a$)$ through c$)$ use the analyst report from Piper Sandler:$2.$ 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$\mathrm{.}3.$ Discuss any link you see between the new information in the analysts$$ reports and both the Q$22023$ earnings announcement detail and the discussion in the conference call.Consensus analyst forecast information:$4.$ Stock markets are constantly updating expectations of a company$$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 $$consensus analyst forecast$.$a$.$ Describe what is meant by the term $$consensus analyst forecast?$$b$.$ Based on the Barron$$s article $$ Ulta Posts a Beat$-$and$-$Raise Quarter. It Will 'Continue to Outperform Peers.$$following Ulta$$s earnings release $($article dated August $25,2023),$ how did the actual quarterly revenues and earnings per sharecompare with the analyst consensus forecasts? Compute the percentage by which the actual Ulta$$s revenues and earnings per sharediffered from the analysts expectation. Show your calculations.Parts $5)$ and $6)$ explore the stock price reaction to Ulta$$s Q$2$ earnings release. Using Yahoo! Finance or another website with stock market price information, obtain Ulta$$s $($NadaqGS: ULTA$)$ closing stock price the day before, t$-1,($Wednesday$,8/23),$ the day of$,$ t$,($Thursday$,8/24)$ and the day after, t$+1,($Friday$,8/25)$ the earnings information was released$\mathrm{.}5.$ Describe the stock market reaction to the information by computing the percentage change in price over this $2$ day period $($both from t$-1$ 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 Dayt$-1$ to Dayt:From Dayt to Dayt$+1$:Overall, from Dayt$-1$ to Dayt$+1$:$6.$Are you surprised by the size and direction of the market reaction over this $2-$day period based on the information in the earnings release? Discuss why or why not.