11:11 AM EDT, 08/04/2025 (MT Newswires) -- E.l.f. Beauty's (ELF) fiscal Q1 sales and adjusted earnings before interest, taxes, depreciation and amortization are expected to meet market expectations, helped by recent strength in the overall beauty sector, Oppenheimer said in a note Monday.

Wall Street expectations of 9.4% sales growth and adjusted EBITDA of $74 million seem achievable and "could lend to upside," the analysts said.

Oppenheimer analysts also said that investor interest in the cosmetics company has increased, largely driven by enthusiasm surrounding the acquisition of Rhode, and to a lesser extent, expectations that price increases across E.l.f.'s product portfolio could help accelerate revenue growth.

The analysts said the primary focus for them and their investor conversations is the company's upcoming financial guidance. At the very least, the analysts said they expect management to provide guidance for fiscal Q2 and to offer more detailed financial disclosures related to the Rhode acquisition. The analysts said they hope to hear about Rhode's growth trajectory in recent months and what management expects for the remainder of the fiscal year.

E.l.f. Beauty is scheduled to report fiscal Q1 results after the close on Wednesday.

Oppenheimer has a perform rating on the stock.

Price: 115.00, Change: -1.42, Percent Change: -1.22