e.l.f. Beauty Shares Up 11% on Strong Q4 Beat

e.l.f. Beauty, Inc. (NYSE:ELF) shares rose around 11% yesterday following the company’s reported Q4 results, with EPS coming in at $0.13, beating the Street estimate of $0.06. Revenue was $105.1 million, above the Street estimate of $91.01 million.
Management also provided an upbeat sales guide in a more dynamic consumer environment lately. The company expects full 2023-year EPS to be in the range of $0.78-$0.81, compared to the consensus of $0.84, and revenue in the range of $432-440 million, compared to the consensus of $401.63 million.
Analysts at Oppenheimer said they continue to look very favorably upon the strong execution by the company’s management team as demonstrated by strong share gains.

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