3 Stocks to Watch on Thursday: E.L.F. Beauty Inc (ELF), Twenty-First Century Fox Inc (FOXA) and Manulife Financial Corporation (USA) (MFC)

ELF earnings surges Y/Y, FOXA posts revenue beat and MFC profit topped estimates

U.S. equities posted slight gains Wednesday as consumer staples gained 1.1%, while financials slipped 0.6%. The S&P 500 Index edged 0.1% higher, the Dow Jones Industrial Average gained a fraction and the Nasdaq Composite wafted 0.3% higher.

3 Stocks to Watch on Thursday: E.L.F. Beauty Inc (ELF), Twenty-First Century Fox Inc (FOXA) and Manulife Financial Corporation (USA) (MFC)Several companies unveiled their latest quarterly earnings results after the bell Wednesday, including E.L.F. Beauty Inc (NYSE:ELF), Twenty-First Century Fox Inc (NASDAQ:FOXA) and Manulife Financial Corporation (USA) (NYSE:MFC).

Here’s what went down:

E.L.F. Beauty Inc (ELF)

E.L.F. Beauty posted its third-quarter results late yesterday.

The company earned 12 cents per share during the period, or 17 cents per share on an adjusted basis, beating the Wall Street consensus estimate of six cents per share, per Zacks Investment Research. The figure was above a year-ago loss.

Revenue for E.L.F. Beauty’s period amounted to $71.9 million, topping analysts’ expectations of $68.7 million. The company projects its full-year earnings to be 55 cents per share, while revenue is slated to be $270 million.

“We are pleased with our third quarter results highlighted by a 28% increase in net sales and strong earnings growth,” stated Tarang Amin, Chairman and CEO. “In a category currently experiencing headwinds, we continue to gain market share driven by the successful execution of our strategy, and mission to make luxurious beauty accessible for all.”

ELF stock plummeted 6.8% after the bell Wednesday.

Twenty-First Century Fox Inc (FOXA)

Twenty-First Century Fox posted its latest quarterly results yesterday.

The company unveiled earnings of 49 cents per share during its first quarter, which were below the year-ago mark of 51 cents per share. Analysts polled by Thomson Reuters called for earnings of 49 cents per share.

Revenue came in at $7 billion for Twenty-First Century Fox’s three months ending in September, topping the year-ago mark of $6.5 billion. Wall Street projected revenue of $6.81 billion, per Thomson Reuters.

The company performed well from its cable programming, which includes Fox News and FX, marking a 10% increase compared to the same period a year ago. Revenue from its film business popped about 3%.

Twenty-First Century Fox’s quarterly income from continuing operations before income tax expense came in at $1.3 billion, surging 5% year-over-year.

FOXA stock fell 0.1% after hours.

Manulife Financial Corporation (USA) (MFC)

Manulife Financial posted its third-quarter earnings yesterday.

For the period, the company posted profit of C$0.53 per share, which was better than the year-ago mark of C$0.49 per share. Analysts were calling for earnings of C$0.52 per share, according to Thomson Reuters.

The year-to-date net income attributed to shareholders amounted to $3.71 billion, while fully diluted earnings per common share came in at $1.81 and ROE was 12.3%. A year ago, these figures were $2.87 billion, $1.40 per share and 9.7% respectively.

“We delivered solid core earnings and net income in the third quarter, particularly given the provision for catastrophe claims,” said Manulife President & CEO Roy Gori. “Our growth drivers maintained their momentum, with double-digit core earnings and new business value growth in Asia and the 31st consecutive quarter of positive net flows in our global Wealth and Asset Management business.”

MLF shares grew 2.6% after Wednesday’s market close.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/11/stocks-watch-thursday-e-l-f-beauty-inc-elf-twenty-first-century-fox-inc-foxa-manulife-financial-corporation-usa-mfc/.

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