27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
e.l.f. Beauty, Inc. (NYSE:ELF) shares are trading higher Wednesday after the company reported better-than-expected first-quarter results.
What To Know: The company reported quarterly earnings of $1.10 per share, which beat the analyst consensus estimate of $0.58.
Revenues came in at $216.34 million, which beat the analyst consensus estimate of $184.92 million.
The company raised its fiscal year 2024 outlook, estimating a 37% to 39% year-over-year increase in net sales, as compared to a prior range of 22% to 24%.
On Wednesday, the company also received several analyst price changes.
- DA Davidson analyst Linda Bolton Weiser maintained e.l.f. Beauty with a Buy and raised the price target from $130 to $163.
- Raymond James analyst Olivia Tong maintained e.l.f. Beauty with a Outperform and raised the price target from $125 to $145.
- B of A Securities analyst Anna Lizzul maintained e.l.f. Beauty with a Buy and raised the price target from $120 to $155.
- Morgan Stanley analyst Dara Mohsenian maintained e.l.f. Beauty with a Overweight and raised the price target from $118 to $162.
- Stifel analyst Mark Astrachan maintained e.l.f. Beauty with a Hold and raised the price target from $107 to $127.
- JP Morgan analyst Andrea Teixeira maintained e.l.f. Beauty with a Overweight and raised the price target from $129 to $150.
Related Link: Grocery Outlet To Gain From Defensive Product Mix In Q2 Amid Improvement In Product Assortment: Analyst
ELF Price Action: Shares of ELF were up 15.5% at $134.57 at the time of publication, according to Benzinga Pro.
Image by Arek Socha from Pixabay
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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