Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

e.l.f. Beauty's Outlook Underwhelms. Should Investors Worry or Buy the Dip?

TheMotleyFool

0 0

e.l.f. Beauty's Outlook Underwhelms. Should Investors Worry or Buy the Dip?: https://g.foolcdn.com/editorial/images/786722/assortment-of-cosmetics_large-makeup-beauty-eyeshadow-blush-powder-lipstick.jpg

Shares of e.l.f. Beauty (NYSE: ELF) sank after the cosmetic company's guidance failed to excite investors. The stock is still up by over 40% in the past year even after the recent pullback.

Let's go beyond the surface and see if see if the pullback in the stock is a good opportunity to buy shares.

For its fiscal first quarter, e.l.f. soared past analyst estimates, with quarterly sales jumping 50% to $324.5 million in the period ended June 30, easily topping the consensus of $305 million. It saw strength in both the retail channel as well as through its e-commerce site.

Source Fool.com

Like: 0

ELF

Share