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Is e.l.f. Beauty (ELF) Stock Outpacing Its Consumer Staples Peers This Year?

Zacks Equity Research

Investors focused on the Consumer Staples space have likely heard of e.l.f. Beauty (ELF), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

e.l.f. Beauty is one of 180 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ELF is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for ELF's full-year earnings has moved 30.82% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, ELF has gained about 97.34% so far this year. In comparison, Consumer Staples companies have returned an average of 17.56%. As we can see, e.l.f. Beauty is performing better than its sector in the calendar year.

Looking more specifically, ELF belongs to the Cosmetics industry, which includes 13 individual stocks and currently sits at #74 in the Zacks Industry Rank. This group has gained an average of 42.44% so far this year, so ELF is performing better in this area.

Investors with an interest in Consumer Staples stocks should continue to track ELF. The stock will be looking to continue its solid performance.


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