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Estee Lauder (EL) Q3 Earnings & Sales Jump Year over Year
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The Estee Lauder Companies Inc. (EL - Free Report) , the manufacturer and marketer of skin care, makeup, fragrance, and hair care products, came out with third-quarter fiscal 2018 results. Adjusted earnings of $1.17 a share came ahead the Zacks Consensus Estimate of $1.07 and surged nearly 30% year-over-year. Earnings jumped 17% on a currency-neutral basis.
Management now envisions adjusted earnings per share between $4.38 and $4.42 for fiscal 2018, which reflects currency-neutral growth of 20%-21% from the year-ago period.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has trended upward in the past 30 days. In the trailing four quarters (excluding the quarter under review), the company has topped the Zacks Consensus Estimate by an average of 18.1%.
The Estee Lauder Companies Inc. Price and EPS Surprise
Revenues: Estee Lauder generated net sales of $3,370 million that advanced about 18% year over year and came ahead of the Zacks Consensus Estimate of $3,234 million.
Management now expects fiscal 2018 net sales to increase 11%-12% year over year on a currency-neutral basis. Reported sales are anticipated to increase by 15%-16%.
Key Events: Concurrent to the earnings release, Estee Lauder announced a quarterly dividend of 38 cents per share on its Class A and B shares. The dividend is payable on Jun 15, 2018.
Check back later for our full write up on Estee Lauder earnings report!
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Estee Lauder (EL) Q3 Earnings & Sales Jump Year over Year
The Estee Lauder Companies Inc. (EL - Free Report) , the manufacturer and marketer of skin care, makeup, fragrance, and hair care products, came out with third-quarter fiscal 2018 results. Adjusted earnings of $1.17 a share came ahead the Zacks Consensus Estimate of $1.07 and surged nearly 30% year-over-year. Earnings jumped 17% on a currency-neutral basis.
Management now envisions adjusted earnings per share between $4.38 and $4.42 for fiscal 2018, which reflects currency-neutral growth of 20%-21% from the year-ago period.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has trended upward in the past 30 days. In the trailing four quarters (excluding the quarter under review), the company has topped the Zacks Consensus Estimate by an average of 18.1%.
The Estee Lauder Companies Inc. Price and EPS Surprise
The Estee Lauder Companies Inc. Price and EPS Surprise | The Estee Lauder Companies Inc. Quote
Revenues: Estee Lauder generated net sales of $3,370 million that advanced about 18% year over year and came ahead of the Zacks Consensus Estimate of $3,234 million.
Management now expects fiscal 2018 net sales to increase 11%-12% year over year on a currency-neutral basis. Reported sales are anticipated to increase by 15%-16%.
Key Events: Concurrent to the earnings release, Estee Lauder announced a quarterly dividend of 38 cents per share on its Class A and B shares. The dividend is payable on Jun 15, 2018.
Zacks Rank: Currently, Estee 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.
Check back later for our full write up on Estee Lauder earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>