E.l.f. Beauty ($ELF) stock reached all-time highs after beating earnings expectations and raising FY24 guidance. The company reported adjusted earnings per share of 74 cents, surpassing the 56 cents expected, and revenue of $270.9 million, exceeding the $239 million estimate. The stock initially dropped 8% after hours but recovered, with shares trading flat. The strong performance led to a 7.9% pre-market increase. Analysts are closely monitoring the stock's potential multi-day fade if earnings fail to sustain the stock's momentum.
And $ELF delivers as mentioned https://t.co/Xsb2XWnMKV https://t.co/YTEY7UOQu7
$ELF delivers as I mentioned https://t.co/3wOCW4yFxg https://t.co/YTEY7UOQu7
$ELF (+7.9% pre) E.l.f. Beauty blows past Wall Street’s estimates, raises guidance for a third quarter in a row - CNBC https://t.co/EHHNyyZRjH
E.l.f. Beauty Lifts Full-Year Outlook $ELF https://t.co/uvipdfJ7iP
$ELF Earnings per share: 74 cents adjusted vs. 56 cents expected Revenue: $270.9 million vs. $239 million expected https://t.co/d2jRhkiiY3 https://t.co/oPxpa42gSw
"Oh, you're a confused little $ELF" Elf bouncing back after a quick 8% drop AH. Company pistol-whips estimates, guides FY and Q4 higher. Shares now about flat AH. Execution machine this year and a lotta shorts. https://t.co/hqx9P8HTyk
$ELF Elf beats, raises FY24 guidance (incl adj eps $2.84-2.87; was prev $2.47-2.50.) -3% AH https://t.co/aNsoIgrD8m
$ELF Elf beats, raises FY24 guidance (incl eps $2.84-2.87; was prev $2.47-2.50.) -3% AH https://t.co/9BlFcwGuIr
$ELF trading at all-time highs on a massive run burnings shorts in the process heading into earnings, I'll be watching closely if earnings can't keep up with the stock could be a multi day fade