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E.L.F. Beauty Inc. ELF just released its first quarter financial results, posting adjusted earnings of $0.11 per share and revenues of $65.92 million.
E.L.F. Beauty is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of E.L.F. Beauty are down over 29% over the last year, but have climbed 3.75% over the 12 weeks. The company saw its stock price dip 0.99% on Wednesday to hit $20.00 per share prior to the release of its quarterly earnings results.
E.L.F. Beauty stock is currently down 1.25% to $19.75 in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted adjusted earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share.
Beat revenue estimates. The company saw revenue figures of $65.92 million, topping our consensus estimate of $63.55 million.
E.L.F. Beauty revenues climbed from $60.75 million in the year ago-period. Meanwhile, the company’s quarterly earnings popped from $0.09 per share in the prior-year quarter.
“We are pleased with our start to 2018 with a 9% increase in net sales,” CEO Tarang Amin said in a statement. “Highlights for the quarter included our full-chain rollout at Ulta Beauty, our most successful Beautyscape influencer program and product collaborations to date, and expanding our operations advantage to our first U.S. manufacturing partner.”
Here’s a graph that looks at ELF’s Price, Consensus and EPS Surprise history:
e.l.f. Beauty Inc. Price, Consensus and EPS Surprise
e.l.f. Beauty Inc. Price, Consensus and EPS Surprise | e.l.f. Beauty Inc. Quote
e.l.f. Beauty, Inc. operates as a cosmetic company. Its cosmetic category primarily consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, excludes beauty tools and accessories, such as brushes and applicators. e.l.f. Beauty, Inc. is based in Oakland, United States.
Check back later for our full analysis on ELF’s earnings report!
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