Yahoo Finance E.l.f. Beauty (ELF) Stock Sinks As Market Gains: What You Should Know
e.l.f. Beauty (ELF) closed at $78.92 in the latest trading session, marking a -1.87% move from the prior day. This move lagged the S&P 500's daily gain of 0.57%. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, added 0.33%.
Heading into today, shares of the cosmetics company had gained 8.4% over the past month, outpacing the Consumer Staples sector's gain of 2% and the S&P 500's gain of 1.72% in that time.
Wall Street will be looking for positivity from e.l.f. Beauty as it approaches its next earnings report date. The company is expected to report EPS of $0.19, up 46.15% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $154.08 million, up 46.55% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.42 per share and revenue of $545.57 million. These totals would mark changes of +69.05% and +39.12%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for e.l.f. Beauty. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.9% higher within the past month. e.l.f. Beauty is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note e.l.f. Beauty's current valuation metrics, including its Forward P/E ratio of 56.71. This represents a premium compared to its industry's average Forward P/E of 34.95.
Also, we should mention that ELF has a PEG ratio of 1.77. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Cosmetics industry currently had an average PEG ratio of 2.2 as of yesterday's close.
The Cosmetics industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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e.l.f. Beauty (ELF) : Free Stock Analysis Report
