Stock Story - Cosmetics company e.l.f.
Beauty (NYSE: ELF )reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue up 71.4% year on year to $321.1 million.
On the other hand, the company's full-year revenue guidance of $1.24 billion at the midpoint came in 2.4% below analysts' estimates.
It made a non-GAAP profit of $0.53 per share, improving from its profit of $0.42 per share in the same quarter last year.
Is now the time to buy e.l.f.
? Find out by reading the original article on StockStory, it's free . e.l.
f. (ELF) Q1 CY2024 Highlights: Revenue: $321.1 million vs analyst estimates of $292.
4 million (9.8% beat) EPS (non-GAAP): $0.53 vs analyst estimates of $0.
33 (59.7% beat) Management's revenue guidance for the upcoming financial year 2025 is $1.24 billion at the midpoint, missing analyst estimates by 2.
4% and implying 21.1% growth (vs 77.2% in FY2024) Management's EPS (non-GAAP) guidance for the upcoming financial year 2025 is $3.
23 at the midpoint, missing analyst estimates by 9.4% Gross Margin (GAAP): 70.7%, up from 68.
9% in the same quarter last year Free Cash Flow of $34.34 million is up from -$21.65 million in the previous quarter Market Capitalization: $8.
82 billion “Fiscal 2024 marked our strongest year of net sales growth on record, a continuation of the exceptional, consistent, category-leading growth we’ve delivered,” said Tarang Amin, e.l.f.
e.l.f.
Beauty (NYSE:ELF), which stands for ‘eyes, lips, face’, offers high-quality be.