Cosmetics company e.l.f. Beauty (NYSE:ELF) will be announcing earnings results this Wednesday afternoon. Here’s what to look for.
e.l.f. Beauty beat analysts’ revenue expectations last quarter, reporting revenues of $449.3 million, up 35.1% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.
Is e.l.f. Beauty a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting e.l.f. Beauty’s revenue to grow 22.1% year on year, improving from the 9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. e.l.f. Beauty rarely misses Wall Street’s revenue estimates.
Looking at e.l.f. Beauty’s peers in the consumer staples segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Medifast’s revenues decreased 27.6% year on year, beating analysts’ expectations by 5.1%, and Vita Coco reported revenues up 28.1%, topping estimates by 3%. Vita Coco traded down 11.4% following the results.
Read our full analysis of Medifast’s results here and Vita Coco’s results here.
Investors in the consumer staples segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. e.l.f. Beauty is up 12.5% during the same time and is heading into earnings with an average analyst price target of $78.81 (compared to the current share price of $82.65).
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