On August 4, e.l.f. Beauty Inc. rose 5.12% in regular trading, trading at $86.875/share, with turnover of approximately $100 million. The company is scheduled to report quarterly earnings the following day.

On the news front, Oppenheimer issued a research note stating that e.l.f. Beauty is expected to deliver a Q1 earnings beat and raise its full-year guidance, primarily driven by continued strength in the Rhode brand. The firm noted that market consensus expectations of 22.5% sales growth and $84 million EBITDA represent a low bar that the company should at least meet. Rhode has accelerated its global expansion, entering Mexico and seven new European markets, providing additional revenue support.

However, Oppenheimer cautioned that whether initiatives to reaccelerate growth for the core e.l.f. brand have gained traction remains uncertain. The firm also noted more aggressive price-cut testing at leading retailers for the e.l.f. brand. Market consensus projects Q1 revenue of approximately $429 million with adjusted EPS of $0.72.

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