Will e.l.f. Beauty (ELF) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - E.l.f. Beauty (ELF) has a strong track record of exceeding earnings estimates and is well-positioned for future earnings surprises, particularly in its upcoming quarterly report [1][4]. Earnings Performance - In the last reported quarter, E.l.f. Beauty achieved earnings of $0.74 per share, surpassing the Zacks Consensus Estimate of $0.59 per share, resulting in a surprise of 25.42% [2]. - In the previous quarter, the company was expected to earn $0.54 per share but delivered $0.82 per share, leading to a surprise of 51.85% [2]. Earnings Estimates and Predictions - Earnings estimates for E.l.f. Beauty have been trending upward, influenced by its history of earnings surprises [4]. - The company currently has an Earnings ESP of +1.32%, indicating that analysts have recently become more optimistic about its earnings prospects [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat in the upcoming report scheduled for May 22, 2024 [7]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6].