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e.l.f. (ELF) Reports Q3: Everything You Need To Know Ahead Of Earnings

ELF Cover Image

Cosmetics company e.l.f. Beauty (NYSE:ELF) will be reporting results next Wednesday afternoon. Here’s what investors should know.

e.l.f. beat analysts’ revenue expectations by 6.6% last quarter, reporting revenues of $324.5 million, up 50% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA and earnings estimates.

Is e.l.f. a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting e.l.f.’s revenue to grow 34.3% year on year to $289.3 million, slowing from the 76.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.42 per share.

e.l.f. Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. e.l.f. has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 14.1% on average.

Looking at e.l.f.’s peers in the consumer staples segment, some have already reported their Q3 results, giving us a hint as to what we can expect. USANA’s revenues decreased 6.2% year on year, missing analysts’ expectations by 2.7%, and Coca-Cola reported flat revenue, topping estimates by 2.9%. USANA traded up 6% following the results while Coca-Cola was down 3.1%.

Read our full analysis of USANA’s results here and Coca-Cola’s results here.

Investors in the consumer staples segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. e.l.f.’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $172.29 (compared to the current share price of $110).

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