On August 6, e.l.f. Beauty Inc. rose 8.43% in regular trading, trading at $89.565/share, with turnover of $73.57 million. The surge was driven by the company's Q1 fiscal report released pre-market, which significantly exceeded market expectations.
Specifically, adjusted EPS came in at $1.75, crushing the consensus estimate of $0.72 by 143% and representing a 96.63% year-over-year increase. Revenue reached $479.37 million, well above the $429.19 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. B. Riley subsequently raised its price target on e.l.f. Beauty to $100 from $70, maintaining a Buy rating.
The beat was anticipated by Oppenheimer, which had noted prior to earnings that continued strength in the Rhode brand and its accelerated global expansion into Mexico and seven new European markets would drive upside. The analyst consensus mean price target now stands at $93.75 with an average overweight rating.
(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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