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e.l.f. Beauty (ELF) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest close session, e.l.f. Beauty (ELF - Free Report) was down 1.62% at $108.16. The stock trailed the S&P 500, which registered a daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Coming into today, shares of the cosmetics company had gained 13.62% in the past month. In that same time, the Consumer Staples sector lost 0.3%, while the S&P 500 gained 2.05%.
Investors will be eagerly watching for the performance of e.l.f. Beauty in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.59, indicating a 13.24% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $469.19 million, up 36.42% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.65 per share and revenue of $1.97 billion, indicating changes of +16.61% and +20.26%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 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. At present, e.l.f. Beauty boasts a Zacks Rank of #1 (Strong Buy).
Looking at valuation, e.l.f. Beauty is presently trading at a Forward P/E ratio of 30.11. This valuation marks a premium compared to its industry average Forward P/E of 25.3.
One should further note that ELF currently holds a PEG ratio of 2.25. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Cosmetics industry stood at 0.96 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 20, putting it in the top 9% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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e.l.f. Beauty (ELF) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, e.l.f. Beauty (ELF - Free Report) was down 1.62% at $108.16. The stock trailed the S&P 500, which registered a daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Coming into today, shares of the cosmetics company had gained 13.62% in the past month. In that same time, the Consumer Staples sector lost 0.3%, while the S&P 500 gained 2.05%.
Investors will be eagerly watching for the performance of e.l.f. Beauty in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.59, indicating a 13.24% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $469.19 million, up 36.42% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.65 per share and revenue of $1.97 billion, indicating changes of +16.61% and +20.26%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 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. At present, e.l.f. Beauty boasts a Zacks Rank of #1 (Strong Buy).
Looking at valuation, e.l.f. Beauty is presently trading at a Forward P/E ratio of 30.11. This valuation marks a premium compared to its industry average Forward P/E of 25.3.
One should further note that ELF currently holds a PEG ratio of 2.25. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Cosmetics industry stood at 0.96 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 20, putting it in the top 9% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.