Elf Beauty gains as strong Q3 prompts outlook boost

e.l.f. Beauty

05/02/2026 09:34

** Shares of Elf Beauty ELF.N rise 8.2% to $91.62 in premarket trading

** Co lifted its annual profit and sales outlook after beating Q3 estimates, driven by steady demand for its low-cost cosmetics

** Brokerage Canaccord Genuity believes ELF’s brands continue to grow faster than the industry, driving market‑share gains, and sees significant white‑space opportunities across the portfolio that could fuel further expansion

** Co sees FY net sales of $1.60 billion to $1.61 billion, up from its earlier forecast of $1.55 billion to $1.57 billion

** Raised adjusted earnings outlook to $3.05–$3.10 per share from $2.80–$2.85

** Co Q3 sales rose 38% to $489.5 million, beating analysts’ estimate of $460.2 million

** 12 of 16 brokerages rate the stock "buy" or higher, 4 "hold"; their median PT is $115 - data compiled by LSEG

** Stock down 39.43% in 2025

 (Reporting by Kanishka Ajmera in Bengaluru)

 ((mailto: Kanishka.Ajmera@thomsonreuters.com;))