E.L.F. Beauty Inc. shares rose more than 7% in the extended session Wednesday after the company raised its guidance for fiscal 2020 and beat earnings expectations. The company reported fiscal second-quarter net income of $6.5 million, or 13 cents a share, compared with $3.9 million, or 8 cents a share, in the year-ago period. Adjusted for things such as restructuring income and stock-based compensation, earnings were 15 cents a share. Revenue rose to $67.6 million from $63.9 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 9 cents a share on revenue of $61.1 million. The cosmetics company raised its fiscal 2020 outlook to adjusted earnings of 44 cents to 48 cents a share on revenue of $265 million to $272 million. E.L.F. Beauty stock has more than doubled this year, with the S&P 500 index rising 23%.
Estee Lauder Cos. stock soared more than 11% in Monday trading after the beauty and skincare company reported fourth-quarter earnings that beat expectations. The upbeat result also gave competitor E.L.F. Beauty Inc. a bump, with that stock jumping 6.4%. Estee Lauder brands, including its namesake, Clinique and La Mer, operate on the high-end of the beauty spectrum. While E.L.F., which sells many items priced at $10 and below, is more affordable. Estee Lauder stock is up 53% for the year to date. E.L.F. shares are up more than 102%. And the S&P 500 index is up 16.8% for the period.
Investors are still betting on cosmetic companies despite the retail sector’s tariff woes.
10-Q: E.L.F. BEAUTY, INC.
BIDU, IQ among premarket gainers
Coty (COTY) gains from a strong Luxury unit in first-quarter fiscal 2020. However, the Consumer Beauty unit is weak.
Post-earnings rip for e.l.f. Beauty
e.l.f. Beauty, Inc. (ELF) CEO Tarang Amin on Q2 2020 Results - Earnings Call Transcript
e.l.f. Beauty (ELF) delivered earnings and revenue surprises of 66.67% and 12.18%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Nu Skin's (NUS) third-quarter earnings are affected by limited sales meetings in Mainland China.
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Monster Beverage's (MNST) third-quarter 2019 results are expected to reflect momentum in the energy drinks business as well as the benefit of product innovation and regular product launches.
Elevated tariff costs might have weighed on E.l.f Beauty's (ELF) Q2 performance. However, cost-saving efforts and loyalty programs are likely to have provided some cushion.
International Flavors (IFF) records growth in operating margin and generates strong free cash flow, aided by productivity savings and acquisition-related synergies in Q3.
FEMSA Comercio, a unit of FEMSA (FMX), closes the previously entered JV agreement with Raizen Conveniencias in Brazil, after receiving the necessary regulatory approvals.
Changes in the Allied Brands portfolio and currency woes are likely to get reflected in Keurig Dr Pepper's (KDP) third-quarter sales. Higher operating income and lower debt might have aided earnings.
Inter Parfums (IPAR) Q3 earnings is likely to have gained from strength in U.S. and European-based operations.
Nu Skin's (NUS) third-quarter 2019 results are expected to reflect impacts of foreign currency headwinds.
Avon's (AVP) focus on pricing and productivity initiatives drives adjusted operating margin. Also, the company is progressing well with its "Open Up Avon" strategy.
Church & Dwight's (CHD) Q3 earnings and sales improve on gains from most product categories.
The Estee Lauder's (EL) first-quarter fiscal 2020 results reflect strength in the Skin Care category, Estee Lauder brand, and travel retail and online channels.
Church & Dwight's (CHD) Q3 performance is likely to have benefited from international business, acquisitions and market share gains.
E.l.f. Beauty (ELF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
e.l.f. Beauty Announces Second Quarter Fiscal 2020 Results
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e.l.f. Beauty, Inc. is a holding company, which engages in the provision of cosmetic and skin-care product. It operates through the U.S and International geographical segments. The company focuses on the e-commerce, national retailers, and international business channels. Its product portfolio includes eyes, lips, face, kits, tools, and skin care categories. The company was founded in 2004 and is headquartered in Oakland, CA. (See Full Profile)