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.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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