ELF Stock Rallies 15% After Hours On Strong Q3 Earnings, Upward Guidance Revision For FY26
Synopsis
Adjusted EPS for fiscal 2026 is now expected to be $3.05-3.10, exceeding an analyst estimate of $2.87.
e.l.f. Beauty (ELF) on Wednesday reported earnings far exceeding Wall Street expectations for the three months ended December, sending shares up 15% after hours.
The company said that its third quarter net sales came in at $489.5 million, marking a growth of 38%, thanks to growth in both its retailer and e-commerce channels in the U.S. and abroad. Wall Street on average was expecting revenue of $457.33 million.
Adjusted earnings per share, meanwhile, came in at $1.24 for the quarter, far exceeding an analyst estimate of $0.72.
The company also raised its fiscal 2026 outlook to revenue of $1.6-$1.61 billion from its previous forecast of $1.55 billion to $1.57 billion. Analysts on average were expecting revenue of $1.31 billion for the year.
Adjusted EPS for fiscal 2026 is now expected to be $3.05-3.10, exceeding an analyst estimate of $2.87.
Get updates to this developing story directly on Stocktwits. <
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.