E.l.f. Beauty Seen Meeting Q4 Outlook, Fiscal 2027 Guidance May Miss Consensus, Oppenheimer Says

MT Newswires Live05-13

E.l.f. Beauty (ELF) could meet the upper end of its implied fiscal Q4 outlook, but is likely to issue an initial fiscal 2027 outlook below Street consensus, Oppenheimer said in a Wednesday note.

The company is scheduled to post its fiscal Q4 results on May 20.

Oppenheimer said the period likely benefited from the rhode brand acquisition and mid-single-digit consumption growth in the core business.

The company is likely to guide fiscal 2027 earnings per share below the $3.63 Street estimate as management typically takes a conservative approach and is expected to reflect macro uncertainties in its outlook, the investment firm said.

"We see limited visibility on a major inflection shorter term as the company will soon be lapping material price increases," Oppenheimer noted, while calling rhode a "clear bright spot" for the company.

Oppenheimer reiterated its perform rating on the stock.

Price: 55.00, Change: -0.66, Percent Change: -1.19

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment