Core Viewpoint - The recent decline of e.l.f. Beauty's share price by nearly 40% is perceived as excessive given the volatility typically surrounding earnings reports [1] Company Analysis - e.l.f. Beauty has faced revenue headwinds in both the domestic US market and other regions [1] - The company operates under NHM Capital, which focuses on global listed equity investments [1] Management Background - NHM Capital is managed by Markus Schmitz, who has 20 years of experience in investment banking with firms such as Goldman Sachs, Morgan Stanley, and Credit Suisse, specializing in Mergers and Acquisitions and Capital Markets [1]

Core Insights - JELD-WEN's shares fell 5.9% following a significant drop in revenue and a price target reduction by an analyst [1] - The company reported quarterly revenue of $809 million, a 10% decline year-over-year, indicating deteriorating market demand, especially in North America [1][4] - An 11% reduction in the North American and corporate workforce was implemented in response to challenging market conditions [1] - Barclays analyst Matthew Bouley lowered the price target from $5.00 to $3.00 while maintaining an 'Equal-Weight' rating [1] Financial Performance - JELD-WEN's revenue for the quarter was $809.5 million, representing a 13.4% year-over-year decline, which fell short of analyst expectations [4] - The company reported an adjusted loss of $0.20 per share, a significant miss compared to analyst estimates and a decline from a profit of $0.32 per share a year ago [4] - Full-year revenue forecast was slashed by 4.5% to a midpoint of $3.15 billion, with EBITDA guidance below Wall Street estimates [4] Stock Performance - JELD-WEN's stock has decreased by 67.5% since the beginning of the year and is trading 76.8% below its 52-week high of $11.30 [5] - The stock has experienced extreme volatility, with 41 moves greater than 5% over the last year, indicating that the market views recent news as significant but not fundamentally altering its perception of the business [3]