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Why e.l.f. Beauty (ELF) Dipped More Than Broader Market Today
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In the latest trading session, e.l.f. Beauty (ELF - Free Report) closed at $66.98, marking a -2.1% move from the previous day. This move lagged the S&P 500's daily loss of 0.64%. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 0.59%.
Shares of the cosmetics company witnessed a loss of 4.87% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 2.08%, and the S&P 500's gain of 9.33%.
The investment community will be paying close attention to the earnings performance of e.l.f. Beauty in its upcoming release. On that day, e.l.f. Beauty is projected to report earnings of $0.3 per share, which would represent a year-over-year decline of 61.54%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $426.15 million, up 28.11% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $3.11 per share and a revenue of $1.61 billion, demonstrating changes of -8.26% and +22.83%, respectively, from the preceding year.
Investors should also take note of any recent adjustments 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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 0.39% lower. e.l.f. Beauty is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, e.l.f. Beauty is presently being traded at a Forward P/E ratio of 18.33. For comparison, its industry has an average Forward P/E of 14.76, which means e.l.f. Beauty is trading at a premium to the group.
One should further note that ELF currently holds a PEG ratio of 2.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Cosmetics industry was having an average PEG ratio of 0.87.
The Cosmetics industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 28% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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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Why e.l.f. Beauty (ELF) Dipped More Than Broader Market Today
In the latest trading session, e.l.f. Beauty (ELF - Free Report) closed at $66.98, marking a -2.1% move from the previous day. This move lagged the S&P 500's daily loss of 0.64%. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 0.59%.
Shares of the cosmetics company witnessed a loss of 4.87% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 2.08%, and the S&P 500's gain of 9.33%.
The investment community will be paying close attention to the earnings performance of e.l.f. Beauty in its upcoming release. On that day, e.l.f. Beauty is projected to report earnings of $0.3 per share, which would represent a year-over-year decline of 61.54%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $426.15 million, up 28.11% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $3.11 per share and a revenue of $1.61 billion, demonstrating changes of -8.26% and +22.83%, respectively, from the preceding year.
Investors should also take note of any recent adjustments 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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 0.39% lower. e.l.f. Beauty is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, e.l.f. Beauty is presently being traded at a Forward P/E ratio of 18.33. For comparison, its industry has an average Forward P/E of 14.76, which means e.l.f. Beauty is trading at a premium to the group.
One should further note that ELF currently holds a PEG ratio of 2.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Cosmetics industry was having an average PEG ratio of 0.87.
The Cosmetics industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 28% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.