Analysts on Wall Street project that Estee Lauder (EL) will announce quarterly earnings of $0.32 per share in its forthcoming report, representing an increase of 255.6% year over year. Revenues are projected to reach $3.55 billion, increasing 4.1% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Estee Lauder metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Skin Care' should arrive at $1.79 billion. The estimate indicates a change of +5.3% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- Makeup' will reach $993.00 million. The estimate indicates a year-over-year change of +1.1%.
According to the collective judgment of analysts, 'Net Sales- Other' should come in at $21.27 million. The estimate indicates a change of +6.4% from the prior-year quarter.
The combined assessment of analysts suggests that 'Net Sales- Hair Care' will likely reach $146.74 million. The estimate indicates a change of +4.1% from the prior-year quarter.
The consensus among analysts is that 'Net Sales- Fragrance' will reach $564.70 million. The estimate indicates a change of +0.8% from the prior-year quarter.
Analysts predict that the 'Net Sales- The Americas' will reach $952.93 million. The estimate indicates a year-over-year change of +0.4%.
Analysts forecast 'Operating Income (Loss)- Other' to reach $30.74 million. Compared to the present estimate, the company reported $12.00 million in the same quarter last year.
Over the past month, Estee Lauder shares have recorded returns of +5.4% versus the Zacks S&P 500 composite's +3.8% change. Based on its Zacks Rank #3 (Hold), EL will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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