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Compared to Estimates, Estee Lauder (EL) Q2 Earnings: A Look at Key Metrics
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For the quarter ended December 2023, Estee Lauder (EL - Free Report) reported revenue of $4.28 billion, down 7.4% over the same period last year. EPS came in at $0.88, compared to $1.54 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.19 billion, representing a surprise of +2.10%. The company delivered an EPS surprise of +60.00%, with the consensus EPS estimate being $0.55.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Estee Lauder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales- The Americas: $1.24 billion versus the seven-analyst average estimate of $1.28 billion. The reported number represents a year-over-year change of +0.6%.
Net sales- Europe the Middle East & Africa: $1.59 billion versus the seven-analyst average estimate of $1.43 billion. The reported number represents a year-over-year change of -12.5%.
Net sales- Asia/Pacific: $1.45 billion versus the seven-analyst average estimate of $1.48 billion. The reported number represents a year-over-year change of -7.7%.
Net sales- Skin Care: $2.17 billion versus $2.14 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -8.8% change.
Net sales- Makeup: $1.17 billion versus $1.27 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -8% change.
Net sales- Other: $30 million versus -$72.01 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +114.3% change.
Net sales- Hair Care: $173 million versus the six-analyst average estimate of $181.73 million. The reported number represents a year-over-year change of -5%.
Net sales- Fragrance: $737 million compared to the $782.99 million average estimate based on six analysts. The reported number represents a change of -4.9% year over year.
Operating Income (Loss)- Fragrance: $131 million versus the five-analyst average estimate of $171.36 million.
Operating Income (Loss)- Makeup: $30 million versus $58.09 million estimated by four analysts on average.
Operating Income (Loss)- Other: $9 million versus the four-analyst average estimate of -$332.19 million.
Operating Income (Loss)- Hair Care: -$3 million compared to the $8.05 million average estimate based on four analysts.
Shares of Estee Lauder have returned -2.3% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Estee Lauder (EL) Q2 Earnings: A Look at Key Metrics
For the quarter ended December 2023, Estee Lauder (EL - Free Report) reported revenue of $4.28 billion, down 7.4% over the same period last year. EPS came in at $0.88, compared to $1.54 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.19 billion, representing a surprise of +2.10%. The company delivered an EPS surprise of +60.00%, with the consensus EPS estimate being $0.55.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Estee Lauder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales- The Americas: $1.24 billion versus the seven-analyst average estimate of $1.28 billion. The reported number represents a year-over-year change of +0.6%.
- Net sales- Europe the Middle East & Africa: $1.59 billion versus the seven-analyst average estimate of $1.43 billion. The reported number represents a year-over-year change of -12.5%.
- Net sales- Asia/Pacific: $1.45 billion versus the seven-analyst average estimate of $1.48 billion. The reported number represents a year-over-year change of -7.7%.
- Net sales- Skin Care: $2.17 billion versus $2.14 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -8.8% change.
- Net sales- Makeup: $1.17 billion versus $1.27 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -8% change.
- Net sales- Other: $30 million versus -$72.01 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +114.3% change.
- Net sales- Hair Care: $173 million versus the six-analyst average estimate of $181.73 million. The reported number represents a year-over-year change of -5%.
- Net sales- Fragrance: $737 million compared to the $782.99 million average estimate based on six analysts. The reported number represents a change of -4.9% year over year.
- Operating Income (Loss)- Fragrance: $131 million versus the five-analyst average estimate of $171.36 million.
- Operating Income (Loss)- Makeup: $30 million versus $58.09 million estimated by four analysts on average.
- Operating Income (Loss)- Other: $9 million versus the four-analyst average estimate of -$332.19 million.
- Operating Income (Loss)- Hair Care: -$3 million compared to the $8.05 million average estimate based on four analysts.
View all Key Company Metrics for Estee Lauder here>>>Shares of Estee Lauder have returned -2.3% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.