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e.l.f. Beauty (ELF) Outperforms Broader Market: What You Need to Know
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e.l.f. Beauty (ELF - Free Report) ended the recent trading session at $79.76, demonstrating a +1.66% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.32%. On the other hand, the Dow registered a gain of 0.6%, and the technology-centric Nasdaq increased by 0.22%.
The cosmetics company's shares have seen an increase of 8.81% over the last month, surpassing the Consumer Staples sector's loss of 0.11% and the S&P 500's gain of 4.7%.
The upcoming earnings release of e.l.f. Beauty will be of great interest to investors. The company is predicted to post an EPS of $0.7, indicating a 5.41% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $454.82 million, indicating a 28% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.85 per share and a revenue of $1.57 billion, representing changes of -15.93% and +19.19%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for e.l.f Beauty. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.22% lower. At present, e.l.f. Beauty boasts a Zacks Rank of #5 (Strong Sell).
Investors should also note e.l.f. Beauty's current valuation metrics, including its Forward P/E ratio of 27.58. This signifies a premium in comparison to the average Forward P/E of 7.72 for its industry.
Investors should also note that ELF has a PEG ratio of 4.61 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Cosmetics industry currently had an average PEG ratio of 0.8 as of yesterday's close.
The Cosmetics industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ELF in the coming trading sessions, be sure to utilize Zacks.com.
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e.l.f. Beauty (ELF) Outperforms Broader Market: What You Need to Know
e.l.f. Beauty (ELF - Free Report) ended the recent trading session at $79.76, demonstrating a +1.66% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.32%. On the other hand, the Dow registered a gain of 0.6%, and the technology-centric Nasdaq increased by 0.22%.
The cosmetics company's shares have seen an increase of 8.81% over the last month, surpassing the Consumer Staples sector's loss of 0.11% and the S&P 500's gain of 4.7%.
The upcoming earnings release of e.l.f. Beauty will be of great interest to investors. The company is predicted to post an EPS of $0.7, indicating a 5.41% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $454.82 million, indicating a 28% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.85 per share and a revenue of $1.57 billion, representing changes of -15.93% and +19.19%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for e.l.f Beauty. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.22% lower. At present, e.l.f. Beauty boasts a Zacks Rank of #5 (Strong Sell).
Investors should also note e.l.f. Beauty's current valuation metrics, including its Forward P/E ratio of 27.58. This signifies a premium in comparison to the average Forward P/E of 7.72 for its industry.
Investors should also note that ELF has a PEG ratio of 4.61 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Cosmetics industry currently had an average PEG ratio of 0.8 as of yesterday's close.
The Cosmetics industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ELF in the coming trading sessions, be sure to utilize Zacks.com.