Should you consider NYSE:ELF for growth investing?

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if ELF BEAUTY INC (NYSE:ELF) is suited for growth investing. Investors should of course do their own research, but we spotted ELF BEAUTY INC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

What matters for canslim investors.

• The recent financial report of ELF BEAUTY INC demonstrates a 128.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• ELF BEAUTY INC has achieved 76.21% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• ELF BEAUTY INC has achieved 37.84% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• ELF BEAUTY INC exhibits a strong Return on Equity (ROE) of 23.55%, indicating the company's ability to generate solid returns on shareholder investments. This metric reflects the company's efficient utilization of equity capital and its profitability.
• The Relative Strength (RS) of ELF BEAUTY INC has consistently been strong, with a current 97.13 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. ELF BEAUTY INC demonstrates promising potential for sustained price momentum.
• With a current Debt-to-Equity ratio at 0.11, ELF BEAUTY INC showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• ELF BEAUTY INC demonstrates a balanced ownership structure, with institutional shareholders at 37.22%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Zooming in on the technicals.

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Overall ELF gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ELF has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, ELF did better than 97% of all other stocks. On top of that, ELF also shows a nice and consistent pattern of rising prices.
• ELF is part of the Personal Care Products industry. There are 39 other stocks in this industry. ELF outperforms 94% of them.
• ELF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELF is lagging the market slightly.
• In the last month ELF has a been trading in the 92.16 - 128.90 range, which is quite wide. It is currently trading near the high of this range.

Check the latest full technical report of ELF for a complete technical analysis.

How does the complete fundamental picture look for NYSE:ELF?

ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.

ELF gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 39 industry peers in the Personal Care Products industry. ELF has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ELF is not priced too expensively while it is growing strongly. Keep and eye on this one! With these ratings, ELF could be worth investigating further for growth and quality investing!.

Our latest full fundamental report of ELF contains the most current fundamental analsysis.

More growth stocks can be found in our CANSLIM screen.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.