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e.l.f. Beauty (ELF) Rises As Market Takes a Dip: Key Facts
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e.l.f. Beauty (ELF - Free Report) ended the recent trading session at $105.03, demonstrating a +2.18% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.22% for the day. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.
The cosmetics company's shares have seen a decrease of 1.46% over the last month, surpassing the Consumer Staples sector's loss of 4.35% and falling behind the S&P 500's gain of 1.4%.
The investment community will be closely monitoring the performance of e.l.f. Beauty in its forthcoming earnings report. The company is forecasted to report an EPS of $0.59, showcasing a 13.24% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $469.19 million, showing a 36.42% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.65 per share and a revenue of $1.97 billion, indicating changes of +16.61% and +20.26%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for e.l.f Beauty. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.27% rise in the Zacks Consensus EPS estimate. As of now, e.l.f. Beauty holds a Zacks Rank of #1 (Strong Buy).
In the context of valuation, e.l.f. Beauty is at present trading with a Forward P/E ratio of 28.16. This denotes a premium relative to the industry average Forward P/E of 24.99.
One should further note that ELF currently holds a PEG ratio of 2.1. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Cosmetics industry had an average PEG ratio of 0.91.
The Cosmetics industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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) Rises As Market Takes a Dip: Key Facts
e.l.f. Beauty (ELF - Free Report) ended the recent trading session at $105.03, demonstrating a +2.18% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.22% for the day. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.
The cosmetics company's shares have seen a decrease of 1.46% over the last month, surpassing the Consumer Staples sector's loss of 4.35% and falling behind the S&P 500's gain of 1.4%.
The investment community will be closely monitoring the performance of e.l.f. Beauty in its forthcoming earnings report. The company is forecasted to report an EPS of $0.59, showcasing a 13.24% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $469.19 million, showing a 36.42% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.65 per share and a revenue of $1.97 billion, indicating changes of +16.61% and +20.26%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for e.l.f Beauty. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.27% rise in the Zacks Consensus EPS estimate. As of now, e.l.f. Beauty holds a Zacks Rank of #1 (Strong Buy).
In the context of valuation, e.l.f. Beauty is at present trading with a Forward P/E ratio of 28.16. This denotes a premium relative to the industry average Forward P/E of 24.99.
One should further note that ELF currently holds a PEG ratio of 2.1. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Cosmetics industry had an average PEG ratio of 0.91.
The Cosmetics industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.