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e.l.f. Beauty (ELF) Registers a Bigger Fall Than the Market: Important Facts to Note
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e.l.f. Beauty (ELF - Free Report) closed at $95.76 in the latest trading session, marking a -4.32% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.59% for the day. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 0.65%.
Heading into today, shares of the cosmetics company had gained 8.05% over the past month, outpacing the Consumer Staples sector's loss of 2.41% and the S&P 500's loss of 1.37%.
The upcoming earnings release of e.l.f. Beauty will be of great interest to investors. On that day, e.l.f. Beauty is projected to report earnings of $0.61 per share, which would represent a year-over-year decline of 10.29%. Simultaneously, our latest consensus estimate expects the revenue to be $468.03 million, showing a 36.08% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.63 per share and a revenue of $1.97 billion, indicating changes of +15.97% and +20.16%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for e.l.f Beauty. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.78% upward. e.l.f. Beauty currently has a Zacks Rank of #3 (Hold).
In terms of valuation, e.l.f. Beauty is presently being traded at a Forward P/E ratio of 27.59. This represents a premium compared to its industry average Forward P/E of 26.61.
One should further note that ELF currently holds a PEG ratio of 2.26. 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 of the close of trade yesterday, the Cosmetics industry held an average PEG ratio of 0.96.
The Cosmetics industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 17% of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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e.l.f. Beauty (ELF) Registers a Bigger Fall Than the Market: Important Facts to Note
e.l.f. Beauty (ELF - Free Report) closed at $95.76 in the latest trading session, marking a -4.32% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.59% for the day. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 0.65%.
Heading into today, shares of the cosmetics company had gained 8.05% over the past month, outpacing the Consumer Staples sector's loss of 2.41% and the S&P 500's loss of 1.37%.
The upcoming earnings release of e.l.f. Beauty will be of great interest to investors. On that day, e.l.f. Beauty is projected to report earnings of $0.61 per share, which would represent a year-over-year decline of 10.29%. Simultaneously, our latest consensus estimate expects the revenue to be $468.03 million, showing a 36.08% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.63 per share and a revenue of $1.97 billion, indicating changes of +15.97% and +20.16%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for e.l.f Beauty. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.78% upward. e.l.f. Beauty currently has a Zacks Rank of #3 (Hold).
In terms of valuation, e.l.f. Beauty is presently being traded at a Forward P/E ratio of 27.59. This represents a premium compared to its industry average Forward P/E of 26.61.
One should further note that ELF currently holds a PEG ratio of 2.26. 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 of the close of trade yesterday, the Cosmetics industry held an average PEG ratio of 0.96.
The Cosmetics industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 17% of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.