Should You Buy e.l.f. Beauty Stock Before Nov. 6?

Cosmetics retailer e.l.f. Beauty (NYSE: ELF) has been one of the fastest-growing consumer brands in recent years. The stock has tripled over the past three years following the company's rapid expansion in a growing cosmetics market. But 2024 has been challenging for many retailers, as stubbornly high inflation and other macroeconomic headwinds hurt consumer spending.Investors were caught off guard after e.l.f.'s quarterly revenue growth decelerated sharply over the last two quarters. Management expects full-year sales growth between 25% to 27%, which is well off the pace of the 50% year-over-year increase reported last quarter. The stock is currently down 25% year to date.With another earnings report coming on Nov. 6, the company could disappoint investors again with its outlook, which could send the share price to new lows. On the other hand, the stock's lower valuation could set up a post-earnings rebound if the company's results are better than expected.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool