e.l.f. Shares Trail Market as Earnings Estimates Shift

e.l.f. Beauty shares fell 5.4% over the past month, while the Zacks S&P 500 composite rose 0.8%. The Zacks Cosmetics industry, where e.l.f. is grouped, lost 1.6% over the same period.

Zacks' consensus forecast puts current-quarter earnings at $0.59 per share, down 13.2% from a year earlier. The estimate fell 0.7% over the past 30 days. For the current fiscal year, the $3.65 estimate is up 16.6% year over year and rose 0.3% in the past month.

For the next fiscal year, analysts expect earnings of $3.85 per share, up 5.5% from the prior-year figure. That estimate increased 1.4% over the past month. Zacks also puts current-quarter sales at $469.19 million, a 36.4% year-over-year increase.

In its last reported quarter, e.l.f. posted revenue of $479.37 million, up 35.5% year over year, and earnings per share of $1.75, compared with $0.89 a year earlier. Revenue was 12.35% above the Zacks consensus estimate, and earnings exceeded the estimate by 146.48%.

The company beat consensus earnings estimates in each of the past four quarters, while revenue topped estimates in three of them. Zacks forecasts sales of $1.97 billion for the current fiscal year and $2.14 billion for the next, increases of 20.3% and 8.6%, respectively.