We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Consensus Estimate for revenues is pegged at $3.9 billion, suggesting growth of 4.6% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for the bottom line has moved up by a penny in the past 30 days to 48 cents per share, indicating a rise of 2.1% from the figure reported in the year-ago quarter. The cosmetics giant has a trailing four-quarter earnings surprise of 120.2%, on average.
The Estee Lauder Companies Inc. Price and EPS Surprise
The Estee Lauder Companies has a strong presence in emerging markets, which insulates it from the macroeconomic headwinds in the matured markets. Also, the company has been benefiting from strength in online business. Management’s focus on the Profit Recovery Plan bodes well.
For the third quarter of fiscal 2024, The Estee Lauder Companies anticipates reported net sales growth of 3-5% and organic net sales increase of 4-6%. Adjusted earnings per share (EPS), on a constant currency (cc)-basis, are likely to have come in the range of 18% decline to 3% growth in the fiscal third quarter.
EL has been operating in a challenging macroeconomic environment and geopolitical tensions across certain parts of the world. In addition, the company remains exposed to the dangers of unfavorable currency headwinds. We expect a 1% headwind from unfavorable currency rates on the top line during the fiscal third quarter.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for The Estee Lauder Companies this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Estee Lauder Companies carries a Zacks Rank #3 and has an Earnings ESP of +5.35%.
Some Stocks With the Favorable Combination
Here are three other companies worth considering, as our model shows that these also have the correct combination to beat on earnings this time:
The Hershey Company (HSY - Free Report) has an Earnings ESP of +1.42% and a Zacks Rank #3. The company is likely to witness top-line growth when it reports first-quarter 2024 results. The Zacks Consensus Estimate for Hershey’s quarterly revenues is pegged at $3.12 billion, suggesting a rise of 4.5% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Hershey’s quarterly earnings is pegged at $2.72, calling for a decline of 8.1% from the year-ago quarter’s levels. HSY has a trailing four-quarter earnings surprise of 6.5%, on average.
Church & Dwight (CHD - Free Report) currently has an Earnings ESP of +1.00% and a Zacks Rank of 3. The company is likely to register top- and bottom-line increases when it reports first-quarter 2024 numbers. The Zacks Consensus Estimate for Church & Dwight’s quarterly revenues is pegged at $1.49 billion, indicating growth of 4.3% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Church & Dwight’s quarterly earnings of 86 cents suggests a rise of 1.2% from the year-ago quarter’s levels. CHD has a trailing four-quarter earnings surprise of 9.7%, on average.
Coty (COTY - Free Report) currently has an Earnings ESP of +4.23% and a Zacks Rank #3. The company is expected to register top-line growth when it reports third-quarter fiscal 2024 numbers. The Zacks Consensus Estimate for COTY’s quarterly revenues is pegged at $1.37 billion, suggesting an increase of 6.6% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for COTY’s quarterly earnings has been unchanged at 6 cents in the past 30 days, suggesting a 68.4% decline from the year-ago quarter’s reported number. COTY delivered an earnings beat of 115.3%, on average, in the trailing four quarters.
Image: Bigstock
What Awaits The Estee Lauder Companies (EL) in Q3 Earnings?
The Estee Lauder Companies Inc. (EL - Free Report) is likely to register top- and bottom-line growth when it reports third-quarter fiscal 2024 earnings on May 1.
The Zacks Consensus Estimate for revenues is pegged at $3.9 billion, suggesting growth of 4.6% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for the bottom line has moved up by a penny in the past 30 days to 48 cents per share, indicating a rise of 2.1% from the figure reported in the year-ago quarter. The cosmetics giant has a trailing four-quarter earnings surprise of 120.2%, on average.
The Estee Lauder Companies Inc. Price and EPS Surprise
The Estee Lauder Companies Inc. price-eps-surprise | The Estee Lauder Companies Inc. Quote
Factors to Note
The Estee Lauder Companies has a strong presence in emerging markets, which insulates it from the macroeconomic headwinds in the matured markets. Also, the company has been benefiting from strength in online business. Management’s focus on the Profit Recovery Plan bodes well.
For the third quarter of fiscal 2024, The Estee Lauder Companies anticipates reported net sales growth of 3-5% and organic net sales increase of 4-6%. Adjusted earnings per share (EPS), on a constant currency (cc)-basis, are likely to have come in the range of 18% decline to 3% growth in the fiscal third quarter.
EL has been operating in a challenging macroeconomic environment and geopolitical tensions across certain parts of the world. In addition, the company remains exposed to the dangers of unfavorable currency headwinds. We expect a 1% headwind from unfavorable currency rates on the top line during the fiscal third quarter.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for The Estee Lauder Companies this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Estee Lauder Companies carries a Zacks Rank #3 and has an Earnings ESP of +5.35%.
Some Stocks With the Favorable Combination
Here are three other companies worth considering, as our model shows that these also have the correct combination to beat on earnings this time:
The Hershey Company (HSY - Free Report) has an Earnings ESP of +1.42% and a Zacks Rank #3. The company is likely to witness top-line growth when it reports first-quarter 2024 results. The Zacks Consensus Estimate for Hershey’s quarterly revenues is pegged at $3.12 billion, suggesting a rise of 4.5% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Hershey’s quarterly earnings is pegged at $2.72, calling for a decline of 8.1% from the year-ago quarter’s levels. HSY has a trailing four-quarter earnings surprise of 6.5%, on average.
Church & Dwight (CHD - Free Report) currently has an Earnings ESP of +1.00% and a Zacks Rank of 3. The company is likely to register top- and bottom-line increases when it reports first-quarter 2024 numbers. The Zacks Consensus Estimate for Church & Dwight’s quarterly revenues is pegged at $1.49 billion, indicating growth of 4.3% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Church & Dwight’s quarterly earnings of 86 cents suggests a rise of 1.2% from the year-ago quarter’s levels. CHD has a trailing four-quarter earnings surprise of 9.7%, on average.
Coty (COTY - Free Report) currently has an Earnings ESP of +4.23% and a Zacks Rank #3. The company is expected to register top-line growth when it reports third-quarter fiscal 2024 numbers. The Zacks Consensus Estimate for COTY’s quarterly revenues is pegged at $1.37 billion, suggesting an increase of 6.6% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for COTY’s quarterly earnings has been unchanged at 6 cents in the past 30 days, suggesting a 68.4% decline from the year-ago quarter’s reported number. COTY delivered an earnings beat of 115.3%, on average, in the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.