e.l.f. Beauty Q1 2024 Adj. EPS $1.10 Beats $0.84 Estimate, Sales $324.477M Beat $303.446M Estimate
Portfolio Pulse from Benzinga Newsdesk
e.l.f. Beauty (NYSE:ELF) reported Q1 2024 adjusted EPS of $1.10, beating the $0.84 estimate by 30.95%. Sales were $324.477M, surpassing the $303.446M estimate by 6.93%, and marking a 49.99% increase from the same period last year.
August 08, 2024 | 8:18 pm
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POSITIVE IMPACT
e.l.f. Beauty reported strong Q1 2024 earnings with EPS of $1.10, beating estimates by 30.95%, and sales of $324.477M, surpassing estimates by 6.93%. Sales increased by 49.99% YoY.
The significant beat on both EPS and sales estimates, along with a substantial YoY sales increase, is likely to positively impact e.l.f. Beauty's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100