e.l.f. Beauty, Inc. (NYSE:ELF) stock fell Wednesday as investors continued selling into the stock’s broader downtrend despite a firmer market backdrop ahead of the company’s earnings report due later today. The Nasdaq gained 0.53%, while the S&P 500 rose 0.16%.
According to Benzinga Pro, ELF stock has lost over 36% in the past year. Investors can gain exposure to the stock via Corgi Beauty, Skincare & Aesthetics ETF (BATS:GLAM).
On Tuesday, Piper Sandler analyst Anna Andreeva maintained a Neutral rating on the stock and lowered the price forecast from $85 to $60.
Investors are now focused on e.l.f. Beauty’s fourth-quarter earnings report scheduled for release later Wednesday. Wall Street expects earnings of 23 cents per share on revenue of $423.59 million. The company has topped EPS estimates in each of the past four quarters.
Bets Big On ‘SURVIVOR’ Fandom
Separately, e.l.f. Beauty’s e.l.f. Beauty cosmetics brand partnered with CBS reality series SURVIVOR for a marketing campaign tied to the “SURVIVOR 50” finale airing …
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