e.l.f. Beauty (ELF) ended the recent trading session at $116.69, demonstrating a -1.52% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.61%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.28%.

Prior to today's trading, shares of the cosmetics company had lost 10.17% over the past month. This has lagged the Consumer Staples sector's loss of 2.5% and the S&P 500's gain of 2.08% in that time.

The investment community will be paying close attention to the earnings performance of e.l.f. Beauty in its upcoming release. It is anticipated that the company will report an EPS of $0.76, marking a 2.7% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $329.49 million, indicating a 21.61% increase compared to the same quarter of the previous year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.61 per share and revenue of $1.34 billion. These totals would mark changes of +13.52% and +30.71%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for e.l.f. Beauty. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.12% higher. e.l.f. Beauty is holding a Zacks Rank of #3 (Hold) right now.

In the context of valuation, e.l.f. Beauty is at present trading with a Forward P/E ratio of 32.85. This signifies a premium in comparison to the average Forward P/E of 24.67 for its industry.

We can additionally observe that ELF currently boasts a PEG ratio of 1.6. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ELF's industry had an average PEG ratio of 1.46 as of yesterday's close.