e.l.f. Beauty: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
e.l.f. Beauty (NYSE:ELF) reported Q3 earnings with an EPS of $0.74, beating estimates by 45.1% against an expected $0.51. Revenue increased by $124.41 million year-over-year. The company has a history of surpassing EPS estimates, leading to share price increases.
February 06, 2024 | 9:10 pm
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POSITIVE IMPACT
e.l.f. Beauty reported a significant beat on Q3 earnings and a substantial year-over-year revenue increase, continuing its trend of surpassing EPS estimates.
Given e.l.f. Beauty's history of surpassing EPS estimates and the substantial beat this quarter, it's likely to instill investor confidence and potentially lead to a short-term increase in stock price, similar to the 3.67% increase observed in the previous quarter following the earnings announcement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100