Earnings Outlook For e.l.f. Beauty
Portfolio Pulse from Benzinga Insights
e.l.f. Beauty (NYSE:ELF) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $0.51. The company's historical performance shows a pattern of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $169.76, reflecting a 128.47% increase over the last 52 weeks. Investors are optimistic but will focus on the company's guidance for future growth.
February 05, 2024 | 4:01 pm
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e.l.f. Beauty is expected to report an EPS of $0.51 for the upcoming quarter, with historical data showing positive stock movements post-earnings announcements. Shares have significantly appreciated over the past year.
Given e.l.f. Beauty's history of beating EPS estimates and the subsequent positive stock price reactions, there is a strong likelihood of a positive short-term impact on ELF's stock price, especially if the company beats the EPS estimate again and provides optimistic future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100