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e.l.f. Beauty (ELF) Dips More Than Broader Market: What You Should Know
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In the latest close session, e.l.f. Beauty (ELF - Free Report) was down 2.16% at $93.41. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
The cosmetics company's stock has climbed by 3.2% in the past month, exceeding the Consumer Staples sector's loss of 0.85% and the S&P 500's loss of 2.43%.
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 predicted to post an EPS of $0.61, indicating a 10.29% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $468.03 million, showing a 36.08% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.63 per share and a revenue of $1.97 billion, representing changes of +15.97% and +20.16%, respectively, from the prior year.
Any recent changes to analyst estimates for e.l.f. Beauty should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate has moved 1.15% higher within the past month. At present, e.l.f. Beauty boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, e.l.f. Beauty is holding a Forward P/E ratio of 26.32. This represents no noticeable deviation compared to its industry average Forward P/E of 26.32.
We can additionally observe that ELF currently boasts a PEG ratio of 2.16. 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. The average PEG ratio for the Cosmetics industry stood at 0.97 at the close of the market yesterday.
The Cosmetics industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 16% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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e.l.f. Beauty (ELF) Dips More Than Broader Market: What You Should Know
In the latest close session, e.l.f. Beauty (ELF - Free Report) was down 2.16% at $93.41. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
The cosmetics company's stock has climbed by 3.2% in the past month, exceeding the Consumer Staples sector's loss of 0.85% and the S&P 500's loss of 2.43%.
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 predicted to post an EPS of $0.61, indicating a 10.29% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $468.03 million, showing a 36.08% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.63 per share and a revenue of $1.97 billion, representing changes of +15.97% and +20.16%, respectively, from the prior year.
Any recent changes to analyst estimates for e.l.f. Beauty should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate has moved 1.15% higher within the past month. At present, e.l.f. Beauty boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, e.l.f. Beauty is holding a Forward P/E ratio of 26.32. This represents no noticeable deviation compared to its industry average Forward P/E of 26.32.
We can additionally observe that ELF currently boasts a PEG ratio of 2.16. 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. The average PEG ratio for the Cosmetics industry stood at 0.97 at the close of the market yesterday.
The Cosmetics industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 16% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.