e.l.f. Beauty beat earnings estimates but missed revenue targets, raised 2026 guidance below consensus, and saw insider selling despite strong institutional ownership.

e.l.f. Beauty reported third-quarter earnings of $0.68 per share, beating estimates by $0.11, on revenue of $343.94 million, a 14.2% year-over-year increase despite falling short of expectations. The company raised fiscal 2026 earnings guidance to $2.80–$2.85 per share, below consensus. Shares dipped to $73.62 on Friday amid heavy trading volume, with a market cap of $4.37 billion and a P/E ratio of 51.85. Analysts maintain a "Moderate Buy" rating with a $126.80 average price target. The company, known for vegan and cruelty-free beauty products, operates through e-commerce, retail, and international channels. Insiders sold over $41 million in stock in three months, while institutional ownership remains at 92.44%.