e.l.f. Beauty Cuts Its Outlook on Industry Weakness
Cosmetics specialist e.l.f. Beauty (NYSE: ELF) announced solid sales growth, improving profitability, and rising market share in third-quarter earnings results this week. However, the company tempered that good news by sharply reducing its full-year outlook as competition heats up in the beauty industry.
More on that updated 2017 forecast in a moment. First, here's how the latest headline numbers stacked up against the prior year:
Metric
Source: Fool.com
ELF Beauty Inc Stock
€171.25
-3.770%
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the ELF Beauty Inc stock is not clear.
With a target price of 200 € there is a slightly positive potential of 16.79% for ELF Beauty Inc compared to the current price of 171.25 €.
