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Estee Lauder (EL) Beats on Q2 Earnings & Sales Estimates
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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 second-quarter fiscal 2018 results, wherein adjusted earnings of $1.52 per share beat the Zacks Consensus Estimate of $1.44, and jumped 25% year over year. On a constant-currency basis, earnings increased 23%.
Management now envisions adjusted earnings per share between $4.27 and $4.32 for fiscal 2018, which reflects a year-over-year growth between 19% and 20%. Further, adjusted earnings are projected in the range of $1.02-$1.04 for the third quarter. The Zacks Consensus Estimate for third quarter and fiscal year is pegged at $1.01 and $4.21, respectively.
Estee Lauder Companies, Inc. (The) Price, Consensus and EPS Surprise
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has increased by 4 cents in the past 30 days. Moreover, in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 18%.
Revenues: Estée Lauder generated net sales of $3,744 million that increased 17% year over year and also came ahead of the Zacks Consensus Estimate of $3,673 million. Management now expects fiscal 2018 net sales to increase in the band of 12.5-13.5% year over year. For the third quarter, net sales are projected to increase in the range of 12-13%.
Stock Movement: Estée Lauder’s shares jumped nearly 1% during pre-market trading hours following the earnings release.
Check back later for our full write up on Estée Lauder’s earnings report!
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
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Estee Lauder (EL) Beats on Q2 Earnings & Sales Estimates
The Estée Lauder Companies Inc. (EL - Free Report) , the manufacturer and marketer of skin care, makeup, fragrance, and hair care products, came out with second-quarter fiscal 2018 results, wherein adjusted earnings of $1.52 per share beat the Zacks Consensus Estimate of $1.44, and jumped 25% year over year. On a constant-currency basis, earnings increased 23%.
Management now envisions adjusted earnings per share between $4.27 and $4.32 for fiscal 2018, which reflects a year-over-year growth between 19% and 20%. Further, adjusted earnings are projected in the range of $1.02-$1.04 for the third quarter. The Zacks Consensus Estimate for third quarter and fiscal year is pegged at $1.01 and $4.21, respectively.
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
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has increased by 4 cents in the past 30 days. Moreover, in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 18%.
Revenues: Estée Lauder generated net sales of $3,744 million that increased 17% year over year and also came ahead of the Zacks Consensus Estimate of $3,673 million. Management now expects fiscal 2018 net sales to increase in the band of 12.5-13.5% year over year. For the third quarter, net sales are projected to increase in the range of 12-13%.
Zacks Rank: Currently, Estée Lauder carries a Zacks Rank #3 (Hold), 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.
Stock Movement: Estée Lauder’s shares jumped nearly 1% during pre-market trading hours following the earnings release.
Check back later for our full write up on Estée Lauder’s earnings report!
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Click here to access these stocks. >>