e.l.f. Beauty: Q4 Earnings Insights

e.l.f. Beauty ELF reported its Q4 earnings results on Wednesday, May 24, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

e.l.f. Beauty beat estimated earnings by 110.0%, reporting an EPS of $0.42 versus an estimate of $0.2.

Revenue was up $82.22 million from the same period last year.

Last quarter the company beat on EPS by $0.25 which was followed by a 15.01% increase in the share price the next day.

Here's a look at e.l.f. Beauty's past performance:

Quarter	Q3 2022	Q2 2022	Q1 2022	Q4 2021
EPS Estimate	0.23	0.16	0.23	0.06
EPS Actual	0.48	0.36	0.39	0.13
Revenue Estimate	121.81M	104.63M	108.74M	91.17M
Revenue Actual	146.54M	122.35M	122.60M	105.14M

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 FY 2024, expecting earnings between $1.73 and $1.76 per share.

To track all earnings releases for e.l.f. Beauty visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.