e.l.f. Beauty Announces Fourth Quarter and Full Fiscal 2024 Results
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May 23, 2024 5:38 AM EDT
UBS analyst Peter Grom reiterated a Buy rating and $202.00 price target on e.l.f. Beauty (NYSE: ELF).
The analyst comments "Despite a broad-based expectation for a strong quarter, our conversations with investors suggested that sentiment heading into the print had become more negative as weaker category commentary from peers led many to question how this would impact the company's ability to outline... More
May 23, 2024 5:21 AM EDT
BofA Securities analyst Anna Lizzul lowered the price target on e.l.f. Beauty (NYSE: ELF) to $220.00 (from $230.00) while maintaining a Buy rating.
The analyst comments "e.l.f. Beauty (ELF) FQ4 results saw another meaningful top-line beat, with sales +71% y/y (+50% volumes, +21%... More
May 22, 2024 4:18 PM EDT
(Updated - May 23, 2024 5:41 AM EDT)
e.l.f. Beauty, Inc. (NYSE: ELF) shares rose 1% in premarket trading Thursday, reversing sharp losses it previously incurred due to the company's financial guidance for fiscal 2025 falling short of analyst estimates.
For the fourth quarter ended March 31, 2024, e.l.f. Beauty achieved adjusted earnings per share (EPS) of $0.53, which was $0.20 higher than the analyst consensus of $0.33.
Revenue surged 71% to $321.1 million, surpassing the expected $292.14 million. This... More
