Why e.l.f. Beauty Stock Popped Today
Portfolio Pulse from Ryan Gustafson
e.l.f. Beauty, Inc. (NYSE:ELF) reported better-than-expected Q1 results, with earnings of $1.10 per share and revenues of $216.34 million, beating analyst consensus estimates. The company also raised its FY 2024 outlook, estimating a 37% to 39% YoY increase in net sales. Several analysts maintained their ratings and raised their price targets for the company. ELF shares were up 15.5% at $134.57.
August 04, 2023 | 12:00 pm
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e.l.f. Beauty reported strong Q1 results and raised its FY 2024 outlook, leading to a rise in its stock price and several analysts raising their price targets.
e.l.f. Beauty's strong Q1 results and raised FY 2024 outlook exceeded analyst expectations, leading to a positive market reaction and a rise in the company's stock price. This news is highly relevant and important for investors, as it indicates strong performance and future growth potential for the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100