Earnings To Watch: e.l.f. (ELF) Reports Q3 Results Tomorrow
Cosmetics company e.l.f. Beauty (NYSE:ELF) will be reporting earnings tomorrow afternoon. Here's what investors should know.
Last quarter e.l.f. reported revenues of $215.5 million, up 76.1% year on year, beating analyst revenue expectations by 9.3%. It was a very strong quarter for the company, with an impressive beat of analysts' earnings and revenue estimates.
Is e.l.f. buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting e.l.f.'s revenue to grow 63% year on year to $238.9 million, improving on the 49.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 per share.
The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing eight upwards revisions over the last thirty days. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 14.3%.
Looking at e.l.f.'s peers in the consumer staples segment, some of them have already reported Q3 earnings results, giving us a hint what we can expect. Post delivered top-line growth of 25.5% year on year, beating analyst estimates by 2.4% and Lamb Weston reported revenues up 35.7% year on year, exceeding estimates by 1.9%. Post traded up 4.8% on the results, and Lamb Weston was down 1.4%.
Read our full analysis of Post's results here and Lamb Weston's results here.
Investors in the consumer staples segment have had steady hands going into the earnings, with the stocks down on average 0.4% over the last month. e.l.f. is up 12.6% during the same time, and is heading into the earnings with analyst price target of $173.4, compared to share price of $169.6.
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The author has no position in any of the stocks mentioned.
