We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Why e.l.f. Beauty (ELF) Dipped More Than Broader Market Today
Read MoreHide Full Article
e.l.f. Beauty (ELF - Free Report) ended the recent trading session at $100.78, demonstrating a -1.31% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
The stock of cosmetics company has fallen by 3.45% in the past month, lagging the Consumer Staples sector's loss of 2.86% and the S&P 500's gain of 1.26%.
The investment community will be closely monitoring the performance of e.l.f. Beauty in its forthcoming earnings report. In that report, analysts expect e.l.f. Beauty to post earnings of $0.59 per share. This would mark a year-over-year decline of 13.24%. Alongside, our most recent consensus estimate is anticipating revenue of $468.03 million, indicating a 36.08% upward movement from the same quarter last year.
ELF's full-year Zacks Consensus Estimates are calling for earnings of $3.64 per share and revenue of $1.97 billion. These results would represent year-over-year changes of +16.29% and +20.16%, respectively.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. e.l.f. Beauty presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, e.l.f. Beauty is currently exchanging hands at a Forward P/E ratio of 28.02. This indicates a premium in contrast to its industry's Forward P/E of 27.96.
Also, we should mention that ELF has a PEG ratio of 2.09. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Cosmetics industry was having an average PEG ratio of 0.99.
The Cosmetics industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 223, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Why e.l.f. Beauty (ELF) Dipped More Than Broader Market Today
e.l.f. Beauty (ELF - Free Report) ended the recent trading session at $100.78, demonstrating a -1.31% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
The stock of cosmetics company has fallen by 3.45% in the past month, lagging the Consumer Staples sector's loss of 2.86% and the S&P 500's gain of 1.26%.
The investment community will be closely monitoring the performance of e.l.f. Beauty in its forthcoming earnings report. In that report, analysts expect e.l.f. Beauty to post earnings of $0.59 per share. This would mark a year-over-year decline of 13.24%. Alongside, our most recent consensus estimate is anticipating revenue of $468.03 million, indicating a 36.08% upward movement from the same quarter last year.
ELF's full-year Zacks Consensus Estimates are calling for earnings of $3.64 per share and revenue of $1.97 billion. These results would represent year-over-year changes of +16.29% and +20.16%, respectively.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. e.l.f. Beauty presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, e.l.f. Beauty is currently exchanging hands at a Forward P/E ratio of 28.02. This indicates a premium in contrast to its industry's Forward P/E of 27.96.
Also, we should mention that ELF has a PEG ratio of 2.09. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Cosmetics industry was having an average PEG ratio of 0.99.
The Cosmetics industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 223, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.