Estee Lauder (EL) Tops Q1 EPS by 25c, Offers Outlook

Estee Lauder (NYSE: EL) reported Q1 EPS of $1.47, $0.25 better than the analyst estimate of $1.22. Revenue for the quarter came in at $3.52 billion versus the consensus estimate of $3.47 billion.

GUIDANCE:

Estee Lauder sees Q2 2019 EPS of $1.47-$1.50, versus the consensus of $1.63.

• Reported net sales are forecasted to increase between 4% and 5% versus the prior-year period, including a 2% impact from currency translation and a 2% impact from the adoption of ASC 606. Excluding these items, net sales are expected to grow between 8% and 9%.

Estee Lauder sees FY2019 EPS of $4.73-$4.82, versus the consensus of $4.75.

• Reported net sales are forecasted to increase between 4% and 5% versus the prior-year period, which includes a 2% impact from currency translation and 1% impact from the adoption of ASC 606. Excluding these items, net sales are forecasted to grow between 7% and 8%, at the high-end of the Company’s long-term growth goal of 6% to 8%.

For earnings history and earnings-related data on Estee Lauder (EL) click here.

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