E.l.f. Beauty (ELF) delivered impressive quarterly earnings, achieving $0.42 per share and surpassing the Consensus Estimate of $0.20 per share. This is significantly higher than the $0.13 per share reported a year ago, reflecting the company’s strong financial performance. With an earnings surprise of 110%, this marks the fourth consecutive quarter where e.l.f. Beauty has exceeded consensus EPS estimates.
Revenue for the quarter reached $187.36 million, surpassing the consensus estimate by 18.86% and marking a substantial increase from the $105.14 million reported in the same period last year. The company’s ability to consistently beat revenue expectations for the last four quarters signifies strong growth and effective business strategies.
Despite outperforming the market so far this year, investors are keen to understand what lies ahead for e.l.f. Beauty. The company’s earnings outlook, shaped by recent and upcoming earnings expectations, will play a crucial role in influencing its near-term stock movements. The current consensus EPS estimate for the next quarter is $0.48, while the estimate for the current fiscal year is $1.61, based on anticipated revenues of $641.94 million.
Although the broader cosmetics industry is currently positioned in the bottom 31% of industry rankings, e.l.f. Beauty’s consistent performance highlights its potential to continue thriving despite broader industry trends. The company’s strategic positioning and growth trajectory will be closely monitored to gauge future stock performance.
Another significant player in the consumer staples sector, Chewy (CHWY), has yet to release its quarterly earnings for the period ending April 2023, with results expected on May 31. Chewy is projected to post a quarterly loss of $0.02 per share, indicating a year-over-year decline of 150%, but recent revisions to the consensus estimate suggest some improvement. The company is expected to generate $2.73 billion in revenues, reflecting a 12.5% increase from the previous year.