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Estee Lauder (EL) Beats on Q4 Earnings and Revenues
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Estee Lauder Companies, Inc. (EL - Free Report) is one of the world's leading manufacturers and marketers of quality skin care, makeup and fragrance and hair care products.
Estee Lauder has been posting better-than-expected results over the past several quarters backed by organic sales growth, product innovation and cost savings measures. Though Estee Lauder expects growth opportunities in product categories like beauty sector, channels and countries in the long term, currency volatility, economic challenges, terrorism and social and political issues are affecting consumer behavior in few countries. Nevertheless, the company’s strategic policies are well on track to aid its performance and overcome industry related challenges.
Earnings Estimates Revision: The Zacks Consensus Estimate for fiscal 2018 has increased by 0.3% in the last thirty days. However, in the trailing four quarters, excluding quarter under review, the company outpaced the Zacks Consensus Estimate by an average of nearly 10.9%.
Zacks Rank: Currently, EL has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. The Zacks Rank could definitely change following Estee Lauder’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: EL posted adjusted earnings of 51 cents per share, much better than our consensus of 43 cents per share. Investors should note that these figures take out stock option expenses.
Revenue: EL posted revenues of $2.89 billion. This beats our consensus estimate of $2.85 billion.
Key Stats to Note: Estee Lauder’s adjusted earnings surged 25% while sales increased 11% on a constant currency basis.
Stock Price: The stock was up around 1.3% in pre-market trading.
Check back later for our full write up on this EL earnings report later!
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Estee Lauder (EL) Beats on Q4 Earnings and Revenues
Estee Lauder Companies, Inc. (EL - Free Report) is one of the world's leading manufacturers and marketers of quality skin care, makeup and fragrance and hair care products.
Estee Lauder has been posting better-than-expected results over the past several quarters backed by organic sales growth, product innovation and cost savings measures. Though Estee Lauder expects growth opportunities in product categories like beauty sector, channels and countries in the long term, currency volatility, economic challenges, terrorism and social and political issues are affecting consumer behavior in few countries. Nevertheless, the company’s strategic policies are well on track to aid its performance and overcome industry related challenges.
Earnings Estimates Revision: The Zacks Consensus Estimate for fiscal 2018 has increased by 0.3% in the last thirty days. However, in the trailing four quarters, excluding quarter under review, the company outpaced the Zacks Consensus Estimate by an average of nearly 10.9%.
Zacks Rank: Currently, EL has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. The Zacks Rank could definitely change following Estee Lauder’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: EL posted adjusted earnings of 51 cents per share, much better than our consensus of 43 cents per share. Investors should note that these figures take out stock option expenses.
Revenue: EL posted revenues of $2.89 billion. This beats our consensus estimate of $2.85 billion.
Key Stats to Note: Estee Lauder’s adjusted earnings surged 25% while sales increased 11% on a constant currency basis.
Stock Price: The stock was up around 1.3% in pre-market trading.
Check back later for our full write up on this EL earnings report later!
4 Surprising Tech Stocks to Keep an Eye on
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off.
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