We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
e.l.f. Beauty (ELF) Posts Big Earnings Beat, Raises Full Year EPS Outlook
Read MoreHide Full Article
e.l.f. Beauty Inc. (ELF - Free Report) just released third quarter fiscal 2017 results, posting earnings of 17 cents per share and revenues of $71.9 million. Right now, ELF is a #4 (Sell) on the Zacks Rank, and is down 6.25% to $18 a share in trading shortly after its earnings report was released.
e.l.f Beauty:
Beat earnings estimates. The beauty company posted adjusted earnings of 17 cents per share, soaring past the Zacks Consensus Estimate of 6 cents. Net income increased 90% to $8.5 million for the quarter.
Beat revenue estimates. The company saw revenue figures of $71.9 million, also beating our consensus estimate of $68 million and increasing 28% year-over-year.
Gross margin expanded to 60% from 58% reported in the third quarter of 2016.
Looking ahead, e.l.f. beauty adjusted its 2017 outlook to approximately $270 million of net sales, reflecting timing of pipeline shipments, new distribution, and category trends. It also increased its adjusted net income to $28 million and EPS to 55 cents per share.
“We are pleased with our third quarter results highlighted by a 28% increase in net sales and strong earnings growth,” stated Tarang Amin, Chairman and Chief Executive Officer. “In a category currently experiencing headwinds, we continue to gain market share driven by the successful execution of our strategy, and mission to make luxurious beauty accessible for all.”
e.l.f. Beauty Inc. Price, Consensus and EPS Surprise
e.l.f. Beauty operates as a cosmetic company. Its cosmetic category primarily consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, excludes beauty tools and accessories, such as brushes and applicators. e.l.f. Beauty is based in Oakland, United States.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius. Click for details >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
e.l.f. Beauty (ELF) Posts Big Earnings Beat, Raises Full Year EPS Outlook
e.l.f. Beauty Inc. (ELF - Free Report) just released third quarter fiscal 2017 results, posting earnings of 17 cents per share and revenues of $71.9 million. Right now, ELF is a #4 (Sell) on the Zacks Rank, and is down 6.25% to $18 a share in trading shortly after its earnings report was released.
e.l.f Beauty:
Beat earnings estimates. The beauty company posted adjusted earnings of 17 cents per share, soaring past the Zacks Consensus Estimate of 6 cents. Net income increased 90% to $8.5 million for the quarter.
Beat revenue estimates. The company saw revenue figures of $71.9 million, also beating our consensus estimate of $68 million and increasing 28% year-over-year.
Gross margin expanded to 60% from 58% reported in the third quarter of 2016.
Looking ahead, e.l.f. beauty adjusted its 2017 outlook to approximately $270 million of net sales, reflecting timing of pipeline shipments, new distribution, and category trends. It also increased its adjusted net income to $28 million and EPS to 55 cents per share.
“We are pleased with our third quarter results highlighted by a 28% increase in net sales and strong earnings growth,” stated Tarang Amin, Chairman and Chief Executive Officer. “In a category currently experiencing headwinds, we continue to gain market share driven by the successful execution of our strategy, and mission to make luxurious beauty accessible for all.”
e.l.f. Beauty Inc. Price, Consensus and EPS Surprise
e.l.f. Beauty Inc. Price, Consensus and EPS Surprise | e.l.f. Beauty Inc. Quote
e.l.f. Beauty operates as a cosmetic company. Its cosmetic category primarily consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, excludes beauty tools and accessories, such as brushes and applicators. e.l.f. Beauty is based in Oakland, United States.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius. Click for details >>