E.l.f. Beauty, Inc. shares are experiencing a significant decline Monday following the company’s recent first-quarter earnings report for fiscal year 2025.

Despite beating market expectations, the company was met with a mix of analyst ratings. Stifel and Oppenheimer are cautious, while Truist and Piper Sandler are bullish on the company’s future potential.

The target price adjustments reflect concerns about a slowing consumer market and future tariffs.

Earnings Recap: E.l.f. Beauty reported earnings per share (EPS) of $1.10, surpassing analysts’ estimates of 84 cents. Revenue came in at $324.47 million, a 50% year-over-year increase, beating the expected $303.44 million. The company also reported adjusted EBITDA of $77.4 million, a 4% increase year-over-year.

What Else: The Oakland, California-based company raised its full-year revenue guidance, now expecting sales between $1.28 billion and $1.3 billion, up from the previously expected range of $1.23 billion to $1.25 billion.

Analysts have had varied reactions, with some raising price targets while others lowered them due to concerns about broader market conditions and potential margin pressures.

Price Action: E.l.f. Beauty’s stock has fallen by 15.77% to $158.31, according to Benzinga Pro.

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Image: Courtesy of e.l.f. Beauty, Inc.