ELF · PEAD → 2

e.l.f. Beauty reported Q4 FY2026 EPS of $0.32 on 2026-05-27, beating the $0.2946 consensus by $0.0254 (+8.6%).

Print-day reaction was +5.97% versus the prior close, a clear positive gap on the earnings beat. The overnight gap to the T+1 open, however, gave back -0.80%, signalling modest after-hours fading. Over days 1 through 3, the stock drifted -6.81%, reversing the initial pop decisively and leaving the three-day total return at -1.18%. Cumulative abnormal return of -2.23% versus SPY.US sits between the ±3% thresholds, yielding a PEAD verdict of none — drift cancelled the initial reaction; the holding window closes 2026-08-24.