e.l.f. Beauty (NYSE:ELF) reported quarterly results that exceeded market expectations and increased its full-year guidance, driven by continued market share expansion and successful product introductions.
Shares of the cosmetics company climbed more than 8% in premarket trading on Thursday following the announcement.
The company posted third-quarter earnings per share of $1.24, significantly above the consensus forecast of $0.70. Quarterly revenue reached $489.5 million, outperforming analyst expectations of $455.8 million.
e.l.f. Beauty also raised its full-year revenue forecast, now projecting sales between $1.6 billion and $1.612 billion, compared with its previous outlook of $1.55 billion to $1.57 billion. Market forecasts had placed expected revenue at around $1.57 billion.
Looking ahead, the company expects fiscal 2026 earnings per share to range between $3.05 and $3.10, exceeding the average analyst estimate of $2.87.
Jefferies analyst Sydney Wagner noted that the updated guidance appeared cautious despite strong sales momentum, stating the “Guide [is] raised but screens conservative given solid scanner data trends and cont’d outperformance vs. category,” while increasing the stock’s price target to $115 from $110.
Chief Executive Tarang Amin said the latest results mark the company’s 28th consecutive quarter of growth, supported by ongoing market share gains and new product launches.
“Our Q3 results, which included 130 basis points of market share gains for our namesake e.l.f. Cosmetics brand and a record-breaking launch of rhode in Sephora in the U.K., are a continuation of the consistent, category-leading growth we’ve delivered over the past 28 quarters,” Amin said.
Amin added that the company remains confident in its ability to continue expanding market share and driving earnings growth, highlighting the improved outlook for fiscal 2026.