Beauty retailer Elf Beauty is facing concerns over a potential slowdown as it reports earnings, with analysts predicting the first decline in eight quarters. Despite beating estimates for Q4, the company's annual sales and profit projections fell below expectations, leading to a drop in share prices. Elf Beauty's stock initially plunged 12% after the earnings recap revealed a disappointing FY outlook. However, the stock recovered slightly, ending the day up 21%. The company posted its first $1 billion year, but shares fell due to weaker-than-expected guidance, causing fluctuations in after-hours trading.
$ELF #recap AH low was 135 and hit 191 highs ; in 1 day! Crazy right But we focus what is front of us for morning 15$/share long. These have trapped shorts Setup: Gap & Go System: Ripster Clouds/pivots @TENETTRADEGROUP https://t.co/8zmYMmaPuk
$ELF Great call by Za https://t.co/Avj5ZtphAi
$ULTA is historically cheap right now. Trading around a P/E of 15. Was only lower right at the beginning of the pandemic. Should have consistent growth ahead, management focused on operating efficiencies and opportunistic share buy backs. The makings of a market-beater from… https://t.co/Bz2GLyoSzx
Good day for low-priced make-up and a chip stock. $ELF up >30% from AH lows. https://t.co/mFwbORjct4
🇺🇸 E.l.f. Beauty stock falls on outlook amid concerns over beauty-industry slowdown https://t.co/hSxYvKLqZn
$ELF now +21% on the day - where would they be had they beaten AND raised? https://t.co/etbXkR2cXl
E.l.f. Beauty Stock Rises After a Weak Forecast. Here’s Why. https://t.co/62wYUTdDcZ
🇺🇸 E.l.f. Beauty posts first $1 billion year, but shares fall on weaker-than-expected guidance https://t.co/SS4Hd5hiCo
E.l.f. Beauty posts first $1 billion year, but shares fall on weaker than expected guidance $ELF https://t.co/Pkd621lXNo
Elf Beauty projects annual sales, profit below estimates despite upbeat Q4 https://t.co/kLGvokWaYk https://t.co/vWLXwFvOso
$ELF Elf from -11% to -2% AH https://t.co/tTuCfI7xXe
Reasonable setup indeed? $ELF now -1% after climbing 1000bps+ https://t.co/etbXkR1F7N
$ELF Elf beats, but guidance light. -7% AH https://t.co/fx9oix4qfx
$ELF Earnings Recap - FY Outlook Disappoints Bigly Rev $321M vs $294M est EPS $0.53 vs $0.34 est Sees FY: Rev $1.23-1.25B vs $1.28B est EPS $3.20-3.25 vs $3.60 est Stock -12% initially - given the write down in FY EPS when Consensus growth was already at 21% vs 45x forward… https://t.co/9FyVpfoqpe
Gearing up for $ELF https://t.co/rjwAVyLroF
elf Beauty $ELF Earnings Setup - Looking More Reasonable 45x forward earnings is by no means cheap for a name Consensus anticipates will grow earnings 21% next year - but it is certainly cheaper than at any point in the last year+, during which the stock averaged 50x+… https://t.co/ZKH7ToAA0k
Beauty retailer Elf Beauty is poised to report earnings with analysts predicting the first decline in eight quarters. Fears of a slowdown are impacting the company's stock. #ELFBeauty #earnings #stockmarket #businessnews