๐ŸŽTop Movers | Earnings Tripled! ELF, MTCH, GPN All Raised Guidance!

1. $e.l.f. Beauty Inc.(ELF)$ +19.17%: Tripled Earnings Show Surging Growth!

e.l.f. Beauty, Inc., together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide.

The company reported earnings that nearly tripled.

Elf EPS vaulted 182% to $1.10 from 39 cents a year ago, way higher than the estimates of 57 cents.

Sales surged 76.5% to $216.3 million, handily beating estimates of $184.6 million.

Adjusted EPS: $1.10 vs. 57 cents

Sales: $216.3 mln vs. $184.6 mln

Furthermore, ELF raised its sales and EPS guidance for fiscal 2024, indicating strong confidence in its future performance.

For fiscal 2024, ELF raised sales guidance to $792 million-802 million, up from $705 million-720 million. It also hiked EPS guidance to $2.19-$2.22, from $1.73-$1.76.

The new outlook also beats wallstreetโ€™s expectations: full-year EPS of $1.83 on revenue of $730 million.

 

2. $Match(MTCH)$ +10.83% on Tinder's Record-Breaking Quarter and Strong Revenue

Match Group, Inc. provides dating products worldwide.

Match Group experienced a surge in its stock after reporting revenue that exceeded analysts' expectations, primarily driven by the growth of its flagship dating property, Tinder.

In the second quarter, Match Group's revenue increased by 4% to $830 million, with Tinder's direct revenue rising 6% to $475 million. This performance surpassed analysts' estimates of $811 million.

In terms of earnings, Match Group reported earnings per share of 48 cents, a significant improvement from a loss of 11 cents per share in the same period last year.

Adjusted EPS: 48 cents vs. 44 cents

Revenue: $830 mln vs. $811 mln

The growth and revenue acceleration of Tinder, even beyond the company's own expectations, led to a record-setting quarter, according to CEO Bernard Kim.

The company also raised its third-quarter outlook, projecting revenue between $875 million to $885 million.

3. $Global Payments(GPN)$ Surges 9.52% on Stellar Q2 Earnings and Upbeat 2023 Outlook

Global Payments Inc. provides payment technology and software solutions for card, check, and digital-based payments

In the second quarter, Global Payments reported adjusted EPS of $2.62, exceeding the average analyst estimate of $2.58. This marked an increase from $2.40 in the previous quarter and $2.36 from the same period last year.

Revenue for the quarter stood at $2.20 billion, surpassing the consensus estimate of $2.19 billion, and up from $2.05 billion in Q1 2023 and $2.06 billion in Q2 2022.

Adjusted EPS: $2.62 vs. $2.36

Revenue: $2.20 bln vs. $2.19 bln

The company raised the lower end of its 2023 guidance range for profit and sales while maintaining the upper end.

For the full year, Global Payments now expects revenue to be in the range of $8.660 billion to $8.735 billion, compared to the consensus estimate of $8.65 billion. Similarly, full-year adjusted EPS is projected to be between $10.35 and $10.44, surpassing the consensus estimate of $10.34.

In summary, Global Payments' strong second-quarter performance, along with its optimistic outlook for 2023, has driven the stock's significant increase.


 How do you view the top movers?

Leave your comments to win tiger coins!

Rewards

  • All valid comments on the following post will receive 5 Tiger Coins.

  • The First 10 and Last 10 Commentator with qualified comments will receive another 10 Tiger Coins.

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.

Report

Comment๏ผˆ69๏ผ‰

  • Top
  • Latest
  • Shyon
    ยท2023-08-03
    TOP
    Personally I choose $Global Payments(GPN)$!
    Global Payments is a Fortune 500 payments technology company, delivering the leading complete worldwide commerce ecosystem. Its unique, connected infrastructure unifies every aspect of commerce, from issuer solutions to payments, and the innovative software that delivers seamless customer experiences. I believe this field can continue to grow in the future as everything involves payment!
    Come and share your point of views guys.
    Reply
    Report
    Fold Replies
    • koolgal:ย 
      Thanks for sharing your awesome insights ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-08-13
      Reply
      Report
    • b1ueskyReplying toShyon:ย 
      [smile]
      2023-08-03
      Reply
      Report
    • ShyonReplying tob1uesky:ย 
      ๐Ÿค๐Ÿค๐Ÿค
      2023-08-03
      Reply
      Report
    View more 3 comments
  • koolgal
    ยท2023-08-13
    TOP

    ๐ŸŒŸ๐ŸŒŸ๐ŸŒŸI am intrigued and impressed with $e.l.f. Beauty Inc.(ELF)$  latest earnings report.  Elf started from very humble beginnings in 2004 from a USD 1 price point for its 13 products. ELF stands for Eyes, Lips and Face and filled a gap in the market place for inexpensive high quality cosmetics.  Today it has grown to a USD 7.21 billion cosmetic empire. 

    Its latest earnings report had a net sales growth of 76% and delivered an outstanding 18 consecutive quarters of delivering both net sales and market share gains.  It averaged at least 20% sales growth per quarter over that period.  It has raised its Fiscal 2024 outlook to maintain that continued momentum. 

    ELF share price is up 139% year todate.   Can it go up further?  It may at the current upward trajectory of sales and revenue.  I will definitely put ELF on my watch list to invest for a long term hold.  The future is definitely bright for such a wonderful company! 

    @Tiger_Earnings  

    Ll

    Reply
    Report
    Fold Replies
    • koolgalReplying toWendyDelia:ย 
      Have a wonderful week ahead. ๐Ÿ˜๐Ÿ˜๐Ÿ˜๐Ÿ€๐Ÿ€๐Ÿ€๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ
      2023-08-14
      Reply
      Report
    • koolgalReplying toWendyDelia:ย 
      Thanks for sharing your experience on using Elf. ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-08-14
      Reply
      Report
    • koolgalReplying toWendyDelia:ย 
      I must try their products out.
      2023-08-14
      Reply
      Report
    View more 13 comments
  • icycrystal
    ยท2023-08-02
    TOP
    am not familiar with these stocks but based on this article they seem to be doing quite.well. maybe would study further and perhaps may find some interest in these stocks [smile] [smile] [smile]
    Reply
    Report
    Fold Replies
    • koolgal:ย 
      Yes it is good to check them out before investing. ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-08-13
      Reply
      Report
  • GoodLife99
    ยท2023-08-03
    TOP
    $Match(MTCH)$ seems like a good choice, based on the Y overview performance, it's at a very great bargain price now, BlackRock & Vanguard also holding heavily in this stock, well to consider!

    Tigers, what's your thought for these top movers?

    Reply
    Report
    Fold Replies
    • GoodLife99Replying tokoolgal:ย 
      [Applaud] [Like] [Like] [Like]
      2023-08-14
      Reply
      Report
    • koolgalReplying toGoodLife99:ย 
      It is so  nice to learn about new stocks that could potentially be a multi bagger in future thanks to @Tiger_Earnings ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-08-13
      Reply
      Report
    • GoodLife99Replying tokoolgal:ย 
      thanks for sharing! Actually I'm unfamiliar with this stocks [smile]
      2023-08-13
      Reply
      Report
    View more 1 comments
  • StickyRice
    ยท2023-08-03
    TOP




    Match Group's $Match(MTCH)$Q2 2023 earnings beat consensus revenues and showed impressive performance. Hinge, the relationship-focused dating app, drove significant growth, contributing around 16% of Match Group's total revenues with a 30% CAGR. Match's Q3 outlook points to around 10% Y/Y revenue growth, and Q4 2023 is expected to report 14% to 16% Y/Y growth. Match's potential for expanding its multiple is supported by improving profitability, projected 36%-37% adjusted operating income margins, and strong free cash flow, reducing leverage and improving the balance sheet.
    Reply
    Report
  • intheloop
    ยท2023-08-03
    TOP
    personal opinion, MCTH is a better bet for me. Simply, I heard much about Tinder as well as I saw a few success cases from this app years ago. Got to be a resilient business that still going that strong.
    Reply
    Report
  • icycrystal
    ยท2023-08-02
    Reply
    Report
    Fold Replies
    • koolgal:ย 
      Thanks for sharing ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-08-13
      Reply
      Report
    • Shyon:ย 
      Nice one Hehe so active you
      2023-08-03
      Reply
      Report
    • Universeๅฎ‡ๅฎ™:ย 
      [ShakeHands]
      2023-08-03
      Reply
      Report
  • LMSunshine
    ยท2023-08-02

    ๐Ÿฏ๐Ÿฏ๐Ÿฏ Comment for ๐Ÿฏ๐Ÿช™โฃ๏ธ Thanks loads @Tiger_Earnings for this update๐Ÿ‘๐Ÿ‘๐Ÿ‘ Tinder seems to be really popularโ€ฆmight consider๐Ÿค”

    Reply
    Report
    Fold Replies
    • LMSunshineReplying toGlobalrisk.fund:ย 
      Me too๐Ÿคญ Just read from @Tiger_Earnings Sorry group tags still not working, so hard to tag u these days.I can only repost ๐Ÿ‘ones @CaptainTiger @TigerPM Please fix group tags asap so that I can inform๐Ÿฏ๐Ÿฏ๐Ÿฏ of all the good buys and events.Too much time to tag each friend 1 by 1โ€ฆmore than 45minsโ€ฆ
      2023-08-03
      Reply
      Report
    • Globalrisk.fund:ย 
      Never realized you could invest in Tinder. Might have to do some research. ๐Ÿ˜‰
      2023-08-03
      Reply
      Report
    • icycrystal:ย 
      thanks for sharing
      2023-08-03
      Reply
      Report
  • Aqa
    ยท2023-08-03
    [Eye][Eye][Eye]$e.l.f. Beauty Inc.(ELF)$ buggest gains, looks good. $Match(MTCH)$ +10.83% has very strong revenue. $Global Payments(GPN)$ is very steady and upbeat. Thanos fir tag @icycrystal @Shyon @GoodLife99 @b1uesky @xXxZealandxXx [Heart][Heart][Heart]
    Reply
    Report
  • WonderElephant
    ยท2023-08-02
    Not familiar with these stocks so thank you @Tiger_Earnings ! @LMSunshine @Eis4elly R they good stocks to buy?
    Reply
    Report
    Fold Replies
    • LMSunshine:ย 
      Iโ€™m thinking of tinderโ€ฆ
      2023-08-02
      Reply
      Report
  • 21stCenturyTiger
    ยท2023-08-04
    I have not heard anything about these stocks lately so the update is timely for me! I can't imagine another dating app coming along and dethrone tindr but who knows what the future holds? $Match(MTCH)$ a risky over for me
    Reply
    Report
  • xXxZealandxXx
    ยท2023-08-03
    Thanks For Tag ๐ŸŒบ @icycrystal ๐ŸŒบ

    MTCH will be my pick (Long) Thinking it might be time for a small average push.

    Reply
    Report
    Fold Replies
    • koolgalReplying toxXxZealandxXx:ย 
      Best of luck ๐Ÿ˜๐Ÿ˜๐Ÿ˜๐Ÿ€๐Ÿ€๐Ÿ€๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ
      2023-08-14
      Reply
      Report
    • xXxZealandxXxReplying tokoolgal:ย 
      Thanks I Did not get the chance to push..  Position Ratio fine for now.
      2023-08-14
      Reply
      Report
    • koolgal:ย 
      Congratulations my friend ๐ŸŽ‰๐ŸŽŠ๐ŸŽ‰
      2023-08-13
      Reply
      Report
  • Alubin
    ยท2023-08-03
    Have not analyse them enough to include in my watchlist. But they seemed to be doing well. will keep a look out and study on them
    Reply
    Report
  • b1uesky
    ยท2023-08-03
    Reply
    Report
  • WonderElephant
    ยท2023-08-03
    Maybe $e.l.f. Beauty Inc.(ELF)$ will do well. Women never have enough if skincare!
    Reply
    Report
  • MasterStonker
    ยท2023-08-02
    Raised guidance is good. it means they are all bullish
    Reply
    Report
  • aunteenat
    ยท2023-08-03
    Reply
    Report
  • 21stCenturyTiger
    ยท2023-08-04
    Great ariticle, would you like to share it?
    Reply
    Report
  • Champ8890
    ยท2023-08-04

    ่ฟ™็ฏ‡ๆ–‡็ซ ไธ้”™๏ผŒ่ฝฌๅ‘็ป™ๅคงๅฎถ็œ‹็œ‹

    Reply
    Report
  • Hanamacdonald
    ยท2023-08-04

    Great ariticle, would you like to share it?

    Reply
    Report