2024-04-05 11:18:53 ET
Summary
- e.l.f. Beauty, Inc.'s recent share price decline has been ugly, but shares are nearing long-term support.
- The company has a strong earnings revision history, with higher EPS and revenue revisions over time.
- e.l.f Beauty's gross margin expansion has been impressive, but SG&A costs remain high, posing a challenge for the company.
Cosmetics up-and-comer e.l.f. Beauty, Inc. ( ELF ) has had quite the run over the past several months. In fact, since bottoming last fall, the stock has nearly tripled into the March top. ELF shares are off sharply since then, but if you’re a longer-term investor, this may just be the chance you’ve been waiting for....
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e.l.f. Beauty: Short-Term Pain, Long-Term Potential Gain