HomeMarket News Beauty Stocks: Honest Company and e.l.f. Beauty Heat Up Earnings...

Beauty Stocks: Honest Company and e.l.f. Beauty Heat Up Earnings Season Beauty Stocks: Honest Company and e.l.f. Beauty Heat Up Earnings Season

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Honest Beauty Launch

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Amidst the fiery blaze of earnings season, two standout stars in the personal care sector are Honest Company (NASDAQ:HNST) and e.l.f. Beauty (NYSE:ELF). Over the past half year, Honest Company’s shares have soared by more than 60%, while e.l.f. Beauty is up over 40%. These two titans have ascended to the very peak of the personal products sector based on a quantitative analysis.

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Stellar Performance

In the lead-up to the earnings announcements, Honest Company (HNST) bolstered confidence by reiterating its FY23 revenue and adjusted EBITDA outlook in early January. Market watchers anticipate the company to report revenue of $84.1M and EPS of -$0.07 for FQ1. Notably, the last three EPS revisions on HNST trended upward, while short interest on the stock stands at a mere 3.6% of the total float. Adding to this, the stock trades above its 100-day and 200-day moving averages.

Upcoming Thunder

This week, Honest Company (HNST) flashes on Seeking Alpha’s Catalyst Watch as CEO Carla Vernon is set to grace the three-day National Retail Federation Big Show with her presence. On the other hand, e.l.f. Beauty (ELF) aims to whip up a storm with a new 15-minute parody film slated for streaming on Amazon Freevee and Youtube. This parody will also illuminate AMC theaters, shining just before Paramount’s new Mean Girls movie.

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