Is Trending Stock e.l.f. Beauty (ELF) a Buy Now?

Shares of this cosmetics company have returned -17% over the past month versus the Zacks S&P 500 composite's +2% change. The Zacks Cosmetics industry, to which e.l.f. Beauty belongs, has lost 12% over this period. Now the key question is: Where could the stock be headed in the near term? We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for i ...