e.l.f. Beauty (ELF) Exceeds Market Returns: Some Facts to Consider

In the latest close session, e.l.f. Beauty (ELF) was up +2.55% at $133.00. The stock exceeded the S&P 500, which registered a gain of 1.56% for the day. On the other hand, the Dow registered a gain of 1.29%, and the technology-centric Nasdaq increased by 2.21%. Prior to today's trading, shares of the cosmetics company had lost 4.09% lagged the Consumer Staples sector's loss of 2.88% and the S&P 500's gain of 0.41%.The upcoming earnings release of e.l.f. Beauty will be of great interest to investors. It is anticipated that the company will report an EPS of $0.58, marking a 24.68% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $369.63 million, showing a 22.77% escalation compared to the year-ago quarter. For the full year, the Zacks Consensus Estimates project earnings of $3.53 per share and a revenue of $1.65 billion, demonstrating changes of +4.13% and +25.61%, respectively, from the preceding year. Investors should also take note of any recent adjustments to analyst estimates for e.l.f Beauty. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.12% fall in the Zacks Consensus EPS estimate. Currently, e.l.f. Beauty is carrying a Zacks Rank of #3 (Hold). Valuation is also important, so investors should note that e.l.f. Beauty has a Forward P/E ratio of 36.77 right now. This represents a premium compared to its industry average Forward P/E of 15.05. We can additionally observe that ELF currently boasts a PEG ratio of 2.27. 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 was holding an average PEG ratio of 1.28 at yesterday's closing price. The Cosmetics industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 15% 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. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report e.l.f. Beauty (ELF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks