e.l.f.(ELF) zacks.com·2024-05-22 22:16Group 1: Earnings Performance - E.l.f. Beauty reported quarterly earnings of $0.53 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, and up from $0.42 per share a year ago, representing an earnings surprise of 51.43% [1] - The company posted revenues of $321.14 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 9.81%, compared to year-ago revenues of $187.36 million [2] - Over the last four quarters, E.l.f. Beauty has consistently surpassed consensus EPS estimates [2] Group 2: Stock Performance and Outlook - E.l.f. Beauty shares have increased approximately 10.1% since the beginning of the year, while the S&P 500 has gained 11.6% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.18 on revenues of $298.99 million, and for the current fiscal year, it is $3.54 on revenues of $1.27 billion [7] Group 3: Industry Context - The Zacks Cosmetics industry is currently ranked in the bottom 41% of over 250 Zacks industries, indicating that the industry's outlook can significantly impact stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]