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e.l.f. Beauty (ELF) Gains As Market Dips: What You Should Know
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In the latest close session, e.l.f. Beauty (ELF - Free Report) was up +1.13% at $87.56. The stock outpaced the S&P 500's daily loss of 0.19%. Meanwhile, the Dow experienced a drop of 0.8%, and the technology-dominated Nasdaq saw a decrease of 0.1%.
Shares of the cosmetics company have appreciated by 10.15% over the course of the past month, outperforming the Consumer Staples sector's loss of 0.19%, and the S&P 500's gain of 2.26%.
Analysts and investors alike will be keeping a close eye on the performance of e.l.f. Beauty in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.71, showcasing a 4.05% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $456.05 million, up 28.35% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.85 per share and a revenue of $1.57 billion, demonstrating changes of -15.93% and +19.22%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for e.l.f Beauty. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.51% higher. Right now, e.l.f. Beauty possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that e.l.f. Beauty has a Forward P/E ratio of 30.34 right now. This valuation marks a premium compared to its industry average Forward P/E of 13.9.
One should further note that ELF currently holds a PEG ratio of 5.07. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Cosmetics industry was having an average PEG ratio of 0.85.
The Cosmetics industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 102, finds itself in the top 42% echelons of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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e.l.f. Beauty (ELF) Gains As Market Dips: What You Should Know
In the latest close session, e.l.f. Beauty (ELF - Free Report) was up +1.13% at $87.56. The stock outpaced the S&P 500's daily loss of 0.19%. Meanwhile, the Dow experienced a drop of 0.8%, and the technology-dominated Nasdaq saw a decrease of 0.1%.
Shares of the cosmetics company have appreciated by 10.15% over the course of the past month, outperforming the Consumer Staples sector's loss of 0.19%, and the S&P 500's gain of 2.26%.
Analysts and investors alike will be keeping a close eye on the performance of e.l.f. Beauty in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.71, showcasing a 4.05% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $456.05 million, up 28.35% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.85 per share and a revenue of $1.57 billion, demonstrating changes of -15.93% and +19.22%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for e.l.f Beauty. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.51% higher. Right now, e.l.f. Beauty possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that e.l.f. Beauty has a Forward P/E ratio of 30.34 right now. This valuation marks a premium compared to its industry average Forward P/E of 13.9.
One should further note that ELF currently holds a PEG ratio of 5.07. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Cosmetics industry was having an average PEG ratio of 0.85.
The Cosmetics industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 102, finds itself in the top 42% echelons of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.