Recap: e.l.f. Beauty Q3 Earnings

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.

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.

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).

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.