The Estée Lauder Companies Inc. (EL - Free Report) , the manufacturer and marketer of skin care, makeup, fragrance, and hair care products, came out with first-quarter fiscal 2018 results, wherein adjusted earnings of $1.21 per share beat the Zacks Consensus Estimate of 98 cents, and jumped 42% year over year.
Management now envisions adjusted earnings per share between $4.04 and $4.12 for fiscal 2018 and in the range of $1.38-$1.41 for the second quarter. The current Zacks Consensus Estimate for the second quarter and fiscal year is pegged at $1.41 and $3.98, respectively.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has jumped by a penny in the past 30 days. In the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 13.7%.
Revenues: Estée Lauder generated net sales of $3,274 million that increased 14% year over year and also came ahead of the Zacks Consensus Estimate of $3,164 million. Management now expects fiscal 2018 net sales to increase in the band of 10-11% compared with the prior-year period. For the second quarter, net sales are projected to increase in the range of 13-15%.
Key Events: The company raised its quarterly dividend by 12% to 38 cents. The increased dividend will be paid on Dec 15, 2017 to shareholders of record at the close of business on Nov 30, 2017.
Zacks Rank: Currently, Estée Lauder carries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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The Estée Lauder Companies Inc. (EL - Free Report) , the manufacturer and marketer of skin care, makeup, fragrance, and hair care products, came out with first-quarter fiscal 2018 results, wherein adjusted earnings of $1.21 per share beat the Zacks Consensus Estimate of 98 cents, and jumped 42% year over year.
Management now envisions adjusted earnings per share between $4.04 and $4.12 for fiscal 2018 and in the range of $1.38-$1.41 for the second quarter. The current Zacks Consensus Estimate for the second quarter and fiscal year is pegged at $1.41 and $3.98, respectively.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has jumped by a penny in the past 30 days. In the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 13.7%.
Revenues: Estée Lauder generated net sales of $3,274 million that increased 14% year over year and also came ahead of the Zacks Consensus Estimate of $3,164 million. Management now expects fiscal 2018 net sales to increase in the band of 10-11% compared with the prior-year period. For the second quarter, net sales are projected to increase in the range of 13-15%.
Key Events: The company raised its quarterly dividend by 12% to 38 cents. The increased dividend will be paid on Dec 15, 2017 to shareholders of record at the close of business on Nov 30, 2017.
Zacks Rank: Currently, Estée Lauder carries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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