As of this writing, the Dow and NASDAQ are each down by more than 1%, but Elizabeth Arden, Inc. ( RDEN ) finds itself up by more than 3%. On such a difficult day, that advance is more than enough to make the Zacks #1 Rank Top Performers List for Friday. Volume is about 300,000 shares, which is well above the daily average of 134,000. RDEN has strung together a number of quarters with better-than-expected earnings, and earnings estimates remain above levels from 2 months ago due to a solid fiscal first quarter performance. Elizabeth Arden is a global prestige beauty products company with an extensive portfolio of prestige beauty brands sold in more than 100 countries. It is the only company from the cosmetics & toiletries industry on today's Zacks #1 Rank List . 6 Straight Beats Even though the economy hasn't been cooperating, Elizabeth Arden has put together 6 straight quarters of earnings above the Zacks Consensus Estimate. Most recently, the company reported earnings per share of 5 cents, excluding items, for its fiscal first quarter in late October. The result fell short of the year-ago result, but significantly surpassed the Zacks Consensus Estimate. Earnings were helped by improved trends in travel retail and distributor markets, as well as more favorable foreign currency rates. Net sales were down 6.7% year over year, but was still at the high end of expectations. The company said each of its business units generally performed as expected. For the fiscal second quarter, Elizabeth Arden is expecting earnings per share between 65 cents and 75 cents on net sales of $380 million to $390 million. The Zacks Consensus Estimate for the quarter is currently at 71 cents. Earnings Estimates for Elizabeth Arden The Zacks Consensus Estimate for this fiscal year, ending June 2010, is 63 cents per share, which is up 6.8% from 3 months ago and 1.6% from 2 months ago. For the fiscal year ending June 2011, the Zacks Consensus Estimate is up to $1 per share, or nearly 60% atop the expectation for this fiscal year. The guidance for next year is up 27% in 3 months and 3% in 60 days. Zacks Investment Research