12:13 PM EDT, 08/06/2024 (MT Newswires) -- E.l.f. Beauty (ELF) is expected to show another "beat-and-raise" quarter, building on its consistency to exceed forecasts and better share performance after result releases, Oppenheimer said in a note Tuesday.

The company's fiscal Q1 EPS is forecasted to be at least $0.95 per share, above the Wall Street view of $0.83, reflecting higher adjusted estimates due to management's strong execution, the investment firm said. The company is scheduled to report results Aug. 8.

ELF shares have recently underperformed, pulling back 18% from a mid-July high, the analysts at Oppenheimer added.

A hypothetical incremental tariff on Chinese imports, if Donald Trump is re-elected, could impact annual EPS by less than $0.50, though this is viewed as a lower probability outcome, the analysts said in the note.

Oppenheimer has a perform rating for E.l.f. Beauty.

Price: 184.75, Change: +9.10, Percent Change: +5.18