The substantial beat on both earnings per share and sales estimates for e.l.f. Beauty in Q3 indicates strong company performance and operational efficiency. This outperformance, especially being significantly higher than analyst expectations, is likely to instill investor confidence and could lead to a positive short-term impact on ELF's stock price. The reported growth rates in earnings and sales from the same period last year further underscore the company's momentum, making it an attractive asset for investors.