e.l.f. Beauty (ELF) To Report Earnings Tomorrow: Here Is What To Expect

Cosmetics company e.l.f. Beauty (NYSE:ELF) will be reporting earnings tomorrow after market hours. Here’s what to expect.

e.l.f. Beauty beat analysts’ revenue expectations by 7.8% last quarter, reporting revenues of $355.3 million, up 31.1% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EBITDA estimates and full-year revenue guidance missing analysts’ expectations.

Is e.l.f. Beauty a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting e.l.f. Beauty’s revenue to grow 1.6% year on year to $326.3 million, slowing from the 71.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.72 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. e.l.f. Beauty has missed Wall Street’s revenue estimates twice over the last two years.

Looking at e.l.f. Beauty’s peers in the personal care segment, some have already reported their Q1 results, giving us a hint as to what we can expect. The Honest Company delivered year-on-year revenue growth of 12.8%, beating analysts’ expectations by 5.7%, and Estée Lauder reported a revenue decline of 9.9%, topping estimates by 1.2%. The Honest Company traded down 8.5% following the results while Estée Lauder’s stock price was unchanged.

Read our full analysis of The Honest Company’s results here and Estée Lauder’s results here.

Investors in the personal care segment have had steady hands going into earnings, with share prices flat over the last month. e.l.f. Beauty is up 35.2% during the same time and is heading into earnings with an average analyst price target of $87.21 (compared to the current share price of $83.80).

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