What’s happening with ELF Beauty Stock Friday? – elf Beauty (NYSE:ELF)

The Beauty of ELF ELF The company’s shares initially traded lower on Friday after the company announced its results for the first quarter of its fiscal year 2025.

Details: The company reported earnings after the market closed on Thursday. ELF beauty reported EPS of $1.10, beating analysts’ estimates of 84 cents, and revenue of $324.47 million, beating analysts’ estimates of $303.44 million.

ELF beauty announced net sales of $324.47 million, up 50% year-over-year. The company also reported adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $77.4 million, up 4% year-over-year.

“This was our 22nd consecutive quarter of net sales and market share growth – placing elf Beauty in an elite group of fast-growing consumer companies. We continue to make progress in color cosmetics, skin care and internationally, and we believe our unique strengths will fuel our ability to win in fiscal 2025 and beyond,” he said. Tarang AminChairman of the Management Board and CEO of elf Beauty.

In addition, ELF Beauty raised its revenue guidance for fiscal year 2025. Initially, revenue rose from $1.23 billion to $1.25 billion. The company now projects revenue from $1.28 billion to $1.30 billion.

Analyst changes:Following the earnings report, many analysts revised their price targets.

• Baird Analyst Joel Beatty maintained Elf Beauty shares with an Outperform rating and raised their price target from $230 to $240.
• Piper Sandler Analyst Korinne Wolfmeyer elf Beauty reiterated that he has Overweight and raised his price target from $258 to $260.
• UBS Analyst Peter the Thunder maintained a Buy rating on Elfa Beauty shares and lowered the target price from $250 to $230.

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ELF price action: ELF Beauty shares were trading 15.77% lower at $158.31 on Friday morning, according to data from Benzinga Pro.

Photo: Robert Owen-Wahl from Pixabay