Key TakeawaysEstee Lauder reported fiscal third-quarter profit and revenue that beat estimates, but lowered its revenue guidance, warning of ongoing macroeconomic pressures, including in China.The beauty products maker projected 2024 sales will be down 2% to 3%, versus its earlier outlook of a 1% drop to a 1% gain.Shares fell in intraday trading Wednesday following the earnings release, sending them into negative territory for 2024. Estee Lauder (EL) shares dropped over 14% in intraday trading Wednesday aft ...

The Estee Lauder Companies Inc. (EL) reported third-quarter fiscal 2024 results, with the top and the bottom line increasing year over year. Quarterly net sales and earnings surpassed the Zacks Consensus Estimate. Asia travel retail experienced a return to organic sales growth, as developed and emerging markets across Asia/Pacific, Europe, the Middle East & Africa (EMEA) and Latin America further contributed to the positive performance.Considering macroeconomic challenges — including softness in overall pre ...

Company Participants Conference Call Participants Operator Rainey Mancini As a reminder, reference to online sales, include sales that we make directly to our consumers through our brand.com sites and through third-party platforms. It also includes estimated sales of our products through our retailers' websites. [Operator Instructions] Fabrizio Freda Moreover, we made great strides in reducing the pressure on excess and obsolescence, driven by our now lower inventory levels and in realizing strategic pricin ...

Estee Lauder (EL) reported $3.94 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 5%. EPS of $0.97 for the same period compares to $0.47 a year ago.The reported revenue represents a surprise of +0.39% over the Zacks Consensus Estimate of $3.92 billion. With the consensus EPS estimate being $0.48, the EPS surprise was +102.08%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Investors are always looking for stocks that are poised to beat at earnings season and The Estée Lauder Companies Inc. (EL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Estee Lauder Companies is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information poss ...

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 ...