Pre-earnings options volume in E.l.f. Beauty is 1.7x normal with calls leading puts 19:6. Implied volatility suggests the market is anticipating a move near 11.8%, or $10.89, after results are released. Median move over the past eight quarters is 12.8%.
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Read More on ELF:
- e.l.f. Beauty should report ‘strong’ beat and raise, says UBS
- TD Cowen retail/luxury analysts to hold an analyst/industry conference call
- e.l.f. Beauty upgraded to Strong Buy from Outperform at Raymond James
- e.l.f. Beauty price target lowered to $135 from $165 at BofA
- e.l.f. Beauty price target lowered to $117 from $127 at Stifel
