E.l.f Beauty Shares Drop After Q4 Results, Weak Forward Guidance: The Details
Portfolio Pulse from Erica Kollmann
e.l.f. Beauty, Inc. (NYSE:ELF) reported strong Q4 results, beating earnings and sales estimates. However, weak forward guidance led to an 8.14% drop in share price after-hours.
May 22, 2024 | 8:34 pm
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e.l.f. Beauty reported strong Q4 results, beating both earnings and sales estimates. However, the company's forward guidance for fiscal year earnings and revenue fell short of analyst expectations, leading to an 8.14% drop in share price after-hours.
Despite strong Q4 performance, the weak forward guidance for fiscal year earnings and revenue has led to a significant drop in share price. Investors are likely reacting to the lower-than-expected future outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100