e.l.f. Beauty ELF reported its Q3 earnings results on Wednesday, February 2, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
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Earnings
e.l.f. Beauty beat estimated earnings by 60.0%, reporting an EPS of $0.24 versus an estimate of $0.15, which surprised analysts.
Revenue was up $9.56 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08, which was followed by a 8.95% drop in the share price the next day.
Here's a look at e.l.f. Beauty's past performance:
Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
---|---|---|---|---|
EPS Estimate | 0.13 | 0.15 | 0.09 | 0.24 |
EPS Actual | 0.21 | 0.27 | 0.16 | 0.22 |
Revenue Estimate | 83.69M | 79.23M | 82.39M | 86.79M |
Revenue Actual | 91.86M | 97.05M | 92.67M | 88.56M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
e.l.f. Beauty management provided guidance for their next quarter, expecting earnings between $0.73 and $0.76 per share for the next quarter.
This represents a 210.42% in quarter-over-quarter growth for e.l.f. Beauty, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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