The shares of Estee Lauder Companies Inc (NYSE:EL) are 0.7% lower at $94.51 at last look, after a bear note from BofA Global Securities. The Wall Street analyst downgrade EL to "neutral" from "buy" and lowered its price target by $40 to $100, citing headwinds in China and softening demand in the U.S. This pessimistic note precedes Estee Lauder's fiscal fourth-quarter earnings call, due out before the open on Monday, Aug. 19. Per Zacks, Wall Street anticipates the cosmetics giant to report a year-over-year r ...

The Estée Lauder Companies Inc. EL is expected to release earnings results for its fourth quarter, before the opening bell on Monday, Aug. 19. Analysts expect the New York-based company to report quarterly earnings at 27 cents per share, up from 7 cents per share in the year-ago period. Estée Lauder is projected to post revenue of $3.83 billion. It reported $3.63 billion a year earlier, according to data from Benzinga Pro. With the recent buzz around Estee Lauder, some investors may be eyeing potential gain ...

The Estee Lauder Companies Inc. (EL) is likely to see top and bottom-line growth when it reports fourthquarter fiscal 2024 earnings on Aug 19. The consensus mark for quarterly revenues is pegged at $3.83 billion, which indicates growth of 6.2% from the prior-year quarter's reported figure. The Zacks Consensus Estimate for earnings per share (EPS) has decreased 2 cents in the past 30 days to 25 cents, calling for a significant improvement from 7 cents reported in the year-ago period. EL has a trailing fourqu ...

Renphoto/E+ via Getty Images Summary And Key Takeaways Estée Lauder (NYSE:EL) was once a hyped darling of the masses, with its stock trading at lofty valuations. The rise was only short-lived, though, and the fall well deserved, as the business has been suffering for several years now. Despite being down by ~75% from the high, I don't see any reason to rush in. To the contrary, even the dividend is in jeopardy. Why This Beauty Isn't Pretty Anymore - Better Prepare For A Dividend Cut Estée Lauder was founded ...

In its upcoming report, Estee Lauder (EL) is predicted by Wall Street analysts to post quarterly earnings of $0.25 per share, reflecting an increase of 257.1% compared to the same period last year. Revenues are forecasted to be $3.83 billion, representing a year-over-year increase of 6.2%. The consensus EPS estimate for the quarter has been revised 7.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates du ...

The market expects Estee Lauder (EL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 19, 2024, might help the stock move higher if these key numbers are b ...

Estee Lauder (NYSE:EL), one of the pioneer companies in the cosmetics industry, has seen its stock get hammered by more than 70% since its all-time highs by the end of 2021 and close to 30% since its recent highs in March 2022. Despite this massive underperformance compared to the S&P 500, which is up more than 15% year-to- Additionally, the company can be considered a legacy company due to its main distribution channels, which are physically in retailers trying to provide what is called High-Touch services ...

AFP via Getty Images Why Are These Deals Happening? The glasses are getting good reviews and traction in the market and it may be that putting technology into a cool package may be the unlock that Google Glass missed. Their success makes it sensible for the two companies to be further engaged and connected. If you wear glasses, you know how much time it takes for you to get new eyewear. First, you need an examination to get your eyes refracted and get a new prescription. Then you have to go to a store and c ...

Meta and EssilorLuxottica have been partners since the time of the Ray-Ban Stories smart glasses, which went on sale in 2021, per the report. A 5% stake could be valued at about 4.5 billion euros ($4.9 billion), according to the report. The two companies partner on Ray-Ban Meta smart glasses, which have seen higher-than-expected sales and are an important part of Meta's hardware business, according to the report. While that device struggled to catch on with consumers, the second-generation Ray-Ban Meta smar ...

Currently, several high-profile stocks in the S&P 500 are trading at their 52-week lows. These firms have all had their shares beaten down 15% to 30% in the last three months, but also show signs of a potential rebound. What caused these firms to experience big drops in their share price? Recent financial results show that all these firms beat adjusted earnings per share estimates. Yet, they saw their share prices drop sharply over the subsequent days. Let's explore the reasons for optimism and highlight th ...