Movement Alert|e.l.f. Beauty Inc. Rises 5.17% in Regular Trading, Q1 Earnings Beat Momentum Extended by Analyst Target Price Upgrade

Market Focus08-07 22:05

On August 7, e.l.f. Beauty Inc. rose 5.17% in regular trading, trading at $95.67/share, with turnover of $46.26 million. The stock continued its post-earnings rally as institutional upgrades reinforced bullish sentiment.

The company reported Q1 results on August 5 that massively exceeded expectations: adjusted EPS of $1.75 versus the consensus estimate of $0.72, representing a 96.63% year-over-year increase, while revenue of $479 million beat the $429 million estimate. The company also raised its full-year FY2027 adjusted EPS guidance to $3.50-$3.55, above the prior Street consensus of $3.31. Following the report, B. Riley raised its price target to $100 from $70 while maintaining a Buy rating, lifting the average analyst target to $93.75.

The strong quarter was primarily driven by continued momentum from the Rhode brand, which has accelerated global expansion into Mexico and seven new European markets, providing incremental revenue support.

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