The upcoming report from Estee Lauder (EL) is expected to reveal quarterly earnings of $0.08 per share, indicating a decline of 87.5% compared to the year-ago period. Analysts forecast revenues of $3.4 billion, representing a decline of 12.2% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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 investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
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.
The average prediction of analysts places 'Net sales- Skin Care' at $1.89 billion. The estimate suggests a change of -7% year over year.
The consensus estimate for 'Net sales- Makeup' stands at $1.06 billion. The estimate indicates a change of -4.3% from the prior-year quarter.
The consensus among analysts is that 'Net sales- Other' will reach -$98.08 million. The estimate points to a change of -463.3% from the year-ago quarter.
Analysts expect 'Net sales- Hair Care' to come in at $153.99 million. The estimate indicates a change of -6.7% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net sales- Fragrance' of $537.31 million. The estimate indicates a year-over-year change of -0.3%.
Based on the collective assessment of analysts, 'Net sales- The Americas' should arrive at $975.53 million. The estimate indicates a change of -3.8% from the prior-year quarter.
Analysts forecast 'Net sales- Europe the Middle East & Africa' to reach $1.31 billion. The estimate points to a change of -20.4% from the year-ago quarter.
Analysts' assessment points toward 'Net sales- Asia/Pacific' reaching $1.14 billion. The estimate points to a change of -5.7% from the year-ago quarter.
It is projected by analysts that the 'Operating Income (Loss)- Makeup' will reach $30.26 million. Compared to the present estimate, the company reported $37.00 million in the same quarter last year.
The combined assessment of analysts suggests that 'Operating Income (Loss)- Other' will likely reach $11.03 million. Compared to the present estimate, the company reported $15.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Operating income- The Americas' should come in at $98.33 million. Compared to the present estimate, the company reported $277.00 million in the same quarter last year.
Analysts predict that the 'Operating income- Europe, the Middle East & Africa' will reach $83.00 million. The estimate compares to the year-ago value of $11.00 million.
View all Key Company Metrics for Estee Lauder here>>>
Estee Lauder shares have witnessed a change of +3.4% in the past month, in contrast to the Zacks S&P 500 composite's +3.3% move. With a Zacks Rank #3 (Hold), EL is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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The Estee Lauder Companies Inc. (EL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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