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Unveiling Estee Lauder (EL) Q2 Outlook: Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that Estee Lauder (EL - Free Report) will announce quarterly earnings of $0.83 per share in its forthcoming report, representing an increase of 33.9% year over year. Revenues are projected to reach $4.22 billion, increasing 5.3% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Estee Lauder metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Net Sales- Skin Care' reaching $2.07 billion. The estimate indicates a change of +7.6% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net Sales- Makeup' should arrive at $1.19 billion. The estimate indicates a change of +3.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Net Sales- Other' should come in at -$0.17 million. The estimate indicates a year-over-year change of -100.6%.
The combined assessment of analysts suggests that 'Net Sales- Hair Care' will likely reach $161.66 million. The estimate indicates a year-over-year change of +1.7%.
Analysts forecast 'Net Sales- Fragrance' to reach $801.96 million. The estimate suggests a change of +7.8% year over year.
The consensus estimate for 'Net Sales- The Americas' stands at $1.22 billion. The estimate indicates a change of -0.6% from the prior-year quarter.
The average prediction of analysts places 'Operating Income (Loss)- Skin Care' at $356.86 million. Compared to the current estimate, the company reported $306.00 million in the same quarter of the previous year.
Shares of Estee Lauder have demonstrated returns of +9.8% over the past month compared to the Zacks S&P 500 composite's +1.8% change. With a Zacks Rank #2 (Buy), EL is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unveiling Estee Lauder (EL) Q2 Outlook: Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Estee Lauder (EL - Free Report) will announce quarterly earnings of $0.83 per share in its forthcoming report, representing an increase of 33.9% year over year. Revenues are projected to reach $4.22 billion, increasing 5.3% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Estee Lauder metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Net Sales- Skin Care' reaching $2.07 billion. The estimate indicates a change of +7.6% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net Sales- Makeup' should arrive at $1.19 billion. The estimate indicates a change of +3.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Net Sales- Other' should come in at -$0.17 million. The estimate indicates a year-over-year change of -100.6%.
The combined assessment of analysts suggests that 'Net Sales- Hair Care' will likely reach $161.66 million. The estimate indicates a year-over-year change of +1.7%.
Analysts forecast 'Net Sales- Fragrance' to reach $801.96 million. The estimate suggests a change of +7.8% year over year.
The consensus estimate for 'Net Sales- The Americas' stands at $1.22 billion. The estimate indicates a change of -0.6% from the prior-year quarter.
The average prediction of analysts places 'Operating Income (Loss)- Skin Care' at $356.86 million. Compared to the current estimate, the company reported $306.00 million in the same quarter of the previous year.
View all Key Company Metrics for Estee Lauder here>>>Shares of Estee Lauder have demonstrated returns of +9.8% over the past month compared to the Zacks S&P 500 composite's +1.8% change. With a Zacks Rank #2 (Buy), EL is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .