The Estee Lauder Companies Inc. (EL) is likely to register top- and bottom-line growth when it reports third-quarter fiscal 2024 earnings on May 1.The Zacks Consensus Estimate for revenues is pegged at $3.9 billion, suggesting growth of 4.6% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for the bottom line has moved up by a penny in the past 30 days to 48 cents per share, indicating a rise of 2.1% from the figure reported in the year-ago quarter. The cosmetics giant has a traili ...

SEOUL, SOUTH KOREA - AUGUST 04: South Korean actress and singer of SNSD Yoona attends the photo call ... [+] for "Estee Lauder Lounge" pop-up store opening event at Seongsu Infomal Square on August 04, 2023 in Seoul, South Korea. (Photo by The Chosunilbo JNS/Imazins via Getty Images)ImaZins via Getty ImagesEstée Lauder (NYSE: EL) will report its Q3 fiscal 2024 ((the fiscal year ends in June) results on Wednesday, May 1. We expect the company to post sales of $3.9 billion and earnings of $0.46 per share, mar ...

Wall Street analysts forecast that Estee Lauder (EL) will report quarterly earnings of $0.48 per share in its upcoming release, pointing to a year-over-year increase of 2.1%. It is anticipated that revenues will amount to $3.93 billion, exhibiting an increase of 4.7% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed ...

Estee Lauder (EL) closed the most recent trading day at $148.98, moving +1.06% from the previous trading session. This move lagged the S&P 500's daily gain of 1.2%. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.59%.Shares of the beauty products company witnessed a gain of 5.93% over the previous month, beating the performance of the Consumer Staples sector with its loss of 1.51% and the S&P 500's loss of 4.16%.Market participants will be closely following the financial results ...

The Estee Lauder Companies Inc. (EL) is reaping benefits from sturdy presence in emerging markets, where demand appears to be growing. The company boasts a strong online business. This beauty company’s Profit Recovery Plan looks promising.  Let’s delve deeper.Online Business: Key Driver Estee Lauder boasts a strong online business. It is implementing new technology and digital experiences, including online booking for each store appointment, omnichannel loyalty programs and high-touch mobile services. These ...

Key PointsEstée Lauder's shares have been trading sideways since December.However, they have been accumulating several key analyst upgrades.The stock has barely eaten into the 70% selloff of recent years, but there are signs the recovery could soon begin in earnest. 5 stocks we like better than Estée Lauder CompaniesEstée Lauder Companies, Inc. NYSE: EL is among an increasingly smaller group of stocks that have yet to mount a serious comeback to recent selloffs. Having gained more than 200% from January 201 ...

The shares of Estee Lauder Companies Inc (NYSE:EL) are 0.9% higher to trade at $153.41 this morning, after Citi upgraded the luxury retailer to to "buy" from "neutral." While also hiking its price target by $15 to $175, the analyst in coverage cited normalizing channel inventories and financials.Over the last 12 months, Estee Lauder stock is down 37.3%, but is now up 6% in 2024, slightly underperforming the SPDR S&P 500 ETF Trust's (SPY) 8.8% gain. Stuck in a tight trading range since February, the shares a ...

SAN DIEGO, April 01, 2024 (GLOBE NEWSWIRE) -- Robbins LLP is investigating allegations that certain officers and directors of The Estee Lauder Companies Inc. (NYSE:EL) misled investors with unrealistic and materially false statements about market demand and its inventory levels. According to a class action complaint filed in December 2023 against Estee Lauder, the truth was revealed on May 3, 2023, when Estee Lauder issued a press release announcing weaker sales and profit for the year than estimated and cu ...

The beauty industry has been a source of some pretty gorgeous gains lately. As inflation begins to retreat, consumers may finally catch a break, with just a bit more disposable income in their products to spend on those nice-to-have discretionary items that bring them joy. When you combine luxury brands with beauty products, you may have the secret formula for the type of growth that’s helped mint one of the wealthiest men on the planet: Bernard Arnault, CEO of LVMH (OTCMKTS:LVMUY). The timeless brands back ...

The Estee Lauder Companies Inc. (EL) has a strong online business, which is proving to be a major growth driver. The beauty company has a strong presence in emerging markets, which insulates it from the macroeconomic headwinds in the matured markets. However, the company is bearing the brunt of a challenging macroeconomic environment.Let’s delve deeper.What’s Driving Growth?The Estee Lauder Companies boasts a strong online business. The company is implementing new technology and digital experiences, includi ...