** Shares of cosmetics maker Elf Beauty ELF.N rise 8.16% to $54.86 premarket

** Co forecast annual sales and profit below estimates on Wednesday, said higher oil prices from the Iran conflict could cost $15 million–$20 million in fiscal 2027

** Canaccord Genuity says "the growth story for ELF is built upon continued strength from the Rhode and Naturium brands"

** "ELF is facing some growing pains, but believes co still has a lot of growth opportunities across the entire portfolio and is positioned well for strong cash generation to provide capital allocation flexibility," says brokerage

** ELF posted 35% rise in Q4 sales to $449.3 million, beating estimates of $423.1 million

** Quarterly adjusted earnings per share came in at 32 cents, beating an estimate of 29 cents

** Seventeen analysts rate the stock "buy" on average; median PT is $87 - data compiled by LSEG

** As of last close, stock down 33.29% YTD