e.l.f. Beauty Q4 Adj $0.53 Beats $0.32 Estimate, Sales $321.14M Beat $292.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
e.l.f. Beauty (NYSE:ELF) reported strong Q4 earnings, with adjusted EPS of $0.53 beating the $0.32 estimate and sales of $321.14 million surpassing the $292.17 million estimate. This represents significant year-over-year growth in both earnings and sales.
May 22, 2024 | 8:11 pm
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e.l.f. Beauty reported Q4 adjusted EPS of $0.53, beating the $0.32 estimate by 65.63%. Sales of $321.14 million also exceeded the $292.17 million estimate, showing a 71.41% year-over-year increase. This strong performance is likely to positively impact the stock price in the short term.
The significant beat on both earnings and sales estimates, along with strong year-over-year growth, indicates robust financial health and operational performance. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100