The Estée Lauder Companies Reports Fiscal 2024 Second Quarter Results
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Evercore ISI Positive on Estee Lauder (EL) Following Earnings
February 5, 2024 8:11 AM ESTEvercore ISI analyst Robert Ottenstein reiterated an Outperform rating and $145.00 price target on Estee Lauder (NYSE: EL).
The analyst comments "Estees 2Q EPS F24 of $0.88 represented a $0.33 upside to consensus $.55, driven by signs of stabilization in the European division, where global travel retail operates sales are still declining... More
Citi on Estee Lauder (EL): 'We expect the new restructuring plan...to drive a positive reaction today'
February 5, 2024 7:40 AM ESTCiti analyst Filippo Falorni reiterated a Neutral rating and $140.00 price target on Estee Lauder (NYSE: EL).
The analyst comments "As we highlighted in our preview, F2Q24 results were pressured by continued headwinds in Asia Pac TR & Mainland China but... More
Goldman Sachs on Estee Lauder (EL) Post Earnings: 'we expect the stock to trade higher'
February 5, 2024 7:38 AM ESTGoldman Sachs analyst Jason English reiterated a Buy rating and $141.00 price target on Estee Lauder (NYSE: EL)
The analyst comments "EL reported mixed results with a sharp sequential improvement in gross margin driving an EPS beat that was coupled with revenue that was... More
Estee Lauder (EL) to Cut 3-5% Staff as Part of Profit Recovery Plan
February 5, 2024 6:47 AM EST(Updated - February 5, 2024 6:48 AM EST)
Today, Estee Lauder (NYSE: EL) announced it is further expanding its Profit Recovery Plan for fiscal years 2025 and 2026 to include a restructuring program. The now-larger overall plan is focused on rebuilding stronger, more sustainable profitability, supporting sales growth acceleration and increasing speed and agility. The plan is designed to improve gross margin, lower the cost base and reduce overhead expenses, while increasing investments in key consumer-facing activities. Upon completion of this plan, the Company expects to have improved its gross margin and expense base to drive greater... More
Estee Lauder (EL) Tops Q2 EPS by 34c, Beats on Revenue; Comments on Guidance
February 5, 2024 6:47 AM ESTEstee Lauder (NYSE: EL) reported Q2 EPS of $0.88, $0.34 better than the analyst estimate of $0.54. Revenue for the quarter came in at $4.28 billion versus the consensus estimate of $4.19 billion.
Leveraging the progress the Company has made through the first half of fiscal 2024, its full year outlook reflects the following assumptions and... More
