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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%.
Estee Lauder Companies, Inc. (The) Price, Consensus and EPS Surprise
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.
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Estee Lauder (EL) Q1 Earnings Beat Estimates, Improve Y-o-Y
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%.
Estee Lauder Companies, Inc. (The) Price, Consensus and EPS Surprise
Estee Lauder Companies, Inc. (The) Price, Consensus and EPS Surprise | Estee Lauder Companies, Inc. (The) Quote
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.
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