Elf Beauty (fairy – Free Report) closed at $53.64 in the latest trading session, up +0.04% from the previous day. The change outpaced his 1.56% loss in the S&P 500 on the day. Meanwhile, the Dow fell 1.81% of his, and the tech-heavy Nasdaq fell 4.66% of him.
Prior to today’s trading, the cosmetics company’s shares were down 0.3% last month. This trails his 1.52% gain in the consumer goods sector and his 3.82% gain in the S&P 500 at the time.
elf Beauty is looking to show strength ahead of its next earnings release scheduled for February 1, 2023. In that report, analysts expect elf Beauty to post earnings of $0.23 per share for him. This represents a year-on-year decrease of 4.17%. Meanwhile, the latest consensus forecast calls for him to earn $121.45 million, up 23.78% from the same period last year.
ELF’s full-year Zacks consensus forecast is $1.12 per share, or $489.45 million in earnings. These results represent changes of +33.33% and +24.81% year-over-year, respectively.
Investors should also be aware of recent changes to Elf Beauty analyst estimates. These revisions help demonstrate the ever-changing nature of his short-term business trends. With this in mind, the positive estimate revision can be seen as an optimistic sign about the company’s business prospects.
Our research shows that changes in these estimates are directly correlated with short-term stock prices. Investors can take advantage of this using Zacks Rank. This model takes into account changes in these estimates and provides a simple and practical rating system.
The Zacks Rank system, from No. 1 (strong buy) to No. 5 (strong sell), has delivered an average annual +25% return for the top stock since 1988, with excellent performance by external audits. increase. After 30 days, our consensus EPS forecast was up 0.26%. elf Beauty is currently #1 Zacks Rank (Strong Buy).
Digging into valuations, Elf Beauty’s current forward P/E is 47.84. For comparison, the average forward P/E for that industry is 33.7. This means that elf beauty is traded at a premium to the group.
Meanwhile, ELF’s PEG ratio is currently at 1.79. This common metric is similar to the well-known P/E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth. Cosmetics stocks hold their PEG ratio at an average of 1.9 based on yesterday’s close.
The cosmetics industry is part of the consumer goods sector. The Zacks Industry Rank for this group is 66, placing it in the top 27% of all 250+ industries.
The Zacks Industry Rank lists the average Zacks Rank of individual companies within each of these sectors from highest to lowest. Our research shows that industries rated in the top 50% are two to one times better than those in the bottom half.
You can find more information on all of these metrics and more at Zacks.com.