e.l.f. Beauty Faces 'Tricky Quarter' Ahead of Earnings, UBS Says

MT Newswires Live05-14

e.l.f. Beauty (ELF) could face a "tricky quarter" ahead of its fiscal Q4 results next week, with investors likely to focus more on the company's outlook than quarterly performance, UBS said in a note emailed Wednesday.

The brokerage said that "much of the focus will center on initial FY27 guidance rather than the quarter itself," adding that investors are concerned if the company can perform and "provide an outlook that appears more than achievable without causing concern on the top line trajectory given tougher comps on the horizon."

UBS said quarterly results are likely to be broadly in line with Wall Street expectations, while strong performance from rhode could provide some support to revenue growth.

UBS expects fiscal 2027 guidance to be conservative, citing "challenging consumer backdrop."

UBS maintained a neutral rating with a $70 price target.

Price: 53.77, Change: -1.89, Percent Change: -3.40

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