Is e.l.f. Beauty Stock a Smart Buy Before Q1 Earnings?

e.l.f. Beauty, Inc. (NYSE: ELF) is likely to register top-line growth when it reports first-quarter fiscal 2025 earnings on Aug 8. The Zacks Consensus Estimate for revenues is pegged at $302.64 million, which indicates a 39.9% increase from the year-ago period.Image Source: Zacks Investment ResearchHowever, the bottom line is likely to have declined year over year. The consensus mark for earnings has dropped by 7.8% in the past 30 days to 83 cents per share, which implies a 24.6% decrease from the year-ago quarter's figure. ELF has a trailing four-quarter earnings surprise of 54.6%, on average.e.l.f. Beauty Price and EPS Surprisee.l.f. Beauty price-eps-surprise | e.l.f. Beauty QuoteWhat the Zacks Model UnveilsOur proven model doesn't conclusively predict an earnings beat for e.l.f. Beauty this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.Though e.l.f. Beauty currently carries a Zacks Rank #2, it has an Earnings ESP of -0.37%.Factors to Notee.l.f. Beauty has been benefiting from its focus on expanding its product portfolio and driving innovation across its cosmetics offerings ...Full story available on Benzinga.com