Earnings Movers | ELF Lifts Guidance Again! FSLY, MELI Beat EPS +20%; SEDG Misses Guidance by 50%

1. $e.l.f. Beauty Inc.(ELF)$ surged 15.27%: Raised FY guidance again! Management said “bullish“ about the future.

E.l.f. Beauty, the cosmetics company known for its viral TikTok marketing and middle-of-the-road pricing (priced around $10-$20), saw sales jump 76% yoy.

Adjusted EPS: 82 cents vs. 53 cents (54.72% beat)
Revenue: $215.5 mln vs. $197.1 mln (9.34% beat)
“We’re quite bullish about the future and particularly in terms of how we’re positioned.”
E.l.f. is expecting sales to grow between 55% and 57% for the full year, higher than analysts’ estimates of 47.1% and previous guidance of 37% and 39%.

2. $Fastly, Inc.(FSLY)$: Record revenue and improved metrics drove stock up 13%

The edge cloud platform provider popped 13% after it reported earnings and revenue hit a record quarterly level, compared with $108.5 mln a year ago.

Adjusted EPS: -6 cents vs. -8 cents expected (25% beat)
Revenue: $127.8 mln, surpassing the estimates of $126.6 mln (0.95% beat)
Average enterprise customer spend, Remaining performance obligations, Channel partner deal registration, Transacted packing deals all saw healthy growth.

3. Insurance company $Lemonade, Inc.(LMND)$ popped 13.18% with earnings beats and surging profit

EPS: $-0.88, $0.06 better than the analyst estimate of $-0.94.
Revenue: $114.5 mln vs. $104.52 mln (9.55% beat)
Lemonade saw an 18% growth in IFP (in-force premium) to $719 million and a 170% increase in Gross Profit to $22 million.
Insurance companies often use the in-force premium metric to assess the total value of their active policies and to analyze their revenue stream.

4. Latin America E-commerce Provider $MercadoLibre(MELI)$ added 4.78% with impressive revenue and DAU growth

Revenue: $3.76 billion vs. estimates of $3.55 billion (5.88% beat)

EPS: $7.16 vs analyst estimates of $5.83 (22.7% beat)
Impressive 39.8% year-on-year revenue growth.
DAU - daily active users, a key performance metric for the company, grew 19.8% annually to 120 mln.

5. Solar product manufacturer $SolarEdge(SEDG)$ tumbled another 19.01% with guidance missing by over 50%

EPS: -55 cents vs. -89 cents expected(38.20% beat)
Revenue: $725 mln vs. $768 mln expected (5.60% miss)
Q4 guidance: $300 mln - $350 mln, missing estimate of $688 mln (52.76% miss)
The solar sector has faced headwinds over the past year as rising interest rates weigh on the demand for solar energy.

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