E.l.f. Beauty (ELF) is "poised" to top Wall Street forecasts when it reports fiscal Q3 results on Feb. 4, Oppenheimer said in a report Friday.
The firm projected sales growth of 32.4% and adjusted earnings before interest, taxes, depreciation, and amortization of $86 million, surpassing Wall Street estimates of 28.7% and $82 million, respectively. This optimistic outlook is driven by a strong US business and benefits from the company's recent acquisition of the Rhode skincare brand, which are expected to offset international "softness."
Shares of the cosmetics and skincare company have rebounded this year, rising about 9% after a difficult 2025, outperforming the S&P 500. Oppenheimer lifted the company's fiscal 2025 and 2026 forecasts and introduced an initial fiscal 2027 outlook, citing a more supportive beauty industry "backdrop," pricing benefits and expanded distribution, according to the report.
Oppenheimer has a perform rating on ELF and maintained a "balanced" view on the stock's risk/reward profile.
Price: 84.91, Change: -0.13, Percent Change: -0.15
Comments