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e.l.f. Beauty, Inc. (ELF) provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. 
The company offers eye, lip, face, face, paw, and skin care products.
It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.
Shares have formed a bullish "cup and handle" and higher share prices are expected. On November 2nd, ELF reported 2nd Quarter September 2022 earnings of $0.28 per share on revenue of $122.3 million. The consensus earnings estimate was $0.16 per share on revenue of $105.7 million. Revenue grew 33.2% on a year-over-year basis.
The company said it expects fiscal 2023 non-GAAP earnings of $1.07 to $1.10 per share on revenue of $478.0 million to $486.0 million. The company's previous guidance was earnings of $0.84 to $0.87 per share on revenue of $448.0 million to $456.0 million and the current consensus earnings estimate is $0.93 per share on revenue of $460.41 million for the year ending March 31, 2023.
Entry Point: $50.00
Stop Loss: $47.50
Trading Range: $20.49 to $52.05
Target Price: $55.00
