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e.l.f. Beauty (ELF) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest trading session, e.l.f. Beauty (ELF - Free Report) closed at $76.84, marking a -1.25% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.64%. At the same time, the Dow added 1.23%, and the tech-heavy Nasdaq gained 0.69%.
Heading into today, shares of the cosmetics company had lost 4.41% over the past month, lagging the Consumer Staples sector's loss of 0.94% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of e.l.f. Beauty in its upcoming release. In that report, analysts expect e.l.f. Beauty to post earnings of $0.7 per share. This would mark a year-over-year decline of 5.41%. Alongside, our most recent consensus estimate is anticipating revenue of $455.32 million, indicating a 28.14% upward movement from the same quarter last year.
ELF's full-year Zacks Consensus Estimates are calling for earnings of $2.85 per share and revenue of $1.57 billion. These results would represent year-over-year changes of -15.93% and +19.19%, respectively.
Investors should also note any recent changes to analyst estimates for e.l.f Beauty. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, there's been a 6.22% fall in the Zacks Consensus EPS estimate. e.l.f. Beauty is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at valuation, e.l.f. Beauty is presently trading at a Forward P/E ratio of 27.35. This valuation marks a premium compared to its industry average Forward P/E of 13.73.
One should further note that ELF currently holds a PEG ratio of 4.57. 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. As the market closed yesterday, the Cosmetics industry was having an average PEG ratio of 0.78.
The Cosmetics industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 225, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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e.l.f. Beauty (ELF) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest trading session, e.l.f. Beauty (ELF - Free Report) closed at $76.84, marking a -1.25% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.64%. At the same time, the Dow added 1.23%, and the tech-heavy Nasdaq gained 0.69%.
Heading into today, shares of the cosmetics company had lost 4.41% over the past month, lagging the Consumer Staples sector's loss of 0.94% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of e.l.f. Beauty in its upcoming release. In that report, analysts expect e.l.f. Beauty to post earnings of $0.7 per share. This would mark a year-over-year decline of 5.41%. Alongside, our most recent consensus estimate is anticipating revenue of $455.32 million, indicating a 28.14% upward movement from the same quarter last year.
ELF's full-year Zacks Consensus Estimates are calling for earnings of $2.85 per share and revenue of $1.57 billion. These results would represent year-over-year changes of -15.93% and +19.19%, respectively.
Investors should also note any recent changes to analyst estimates for e.l.f Beauty. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, there's been a 6.22% fall in the Zacks Consensus EPS estimate. e.l.f. Beauty is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at valuation, e.l.f. Beauty is presently trading at a Forward P/E ratio of 27.35. This valuation marks a premium compared to its industry average Forward P/E of 13.73.
One should further note that ELF currently holds a PEG ratio of 4.57. 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. As the market closed yesterday, the Cosmetics industry was having an average PEG ratio of 0.78.
The Cosmetics industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 225, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.