The Estee Lauder Companies Inc. (NYSE:EL) is reporting first quarter earnings results on Monday 2nd November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.90 per share.
For the full year, analysts predict revenues of $ 15232.30 million, while looking forward to income of $ 4.93 per share.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 0.80 ~ $ 0.85 per share, while revenues are expected in a range of $ 3,389.00 million ~ $ 3,428.00 million
Click Here For More Historical Outlooks Of The Estee Lauder Companies Inc.
Previous Quarter Performance
The Estee Lauder Companies Inc. reported loss for the fourth quarter of $ 0.53 per share, from the revenue of $ 2,430.00 million. The quarterly revenues declined 32.33 percent compared with the same quarter last year. Wall street analysts are predicting, EL to report 4Q20 loss of $ 0.19 per share from revenue of $ 2445.02 million. The bottom line results missed street analysts by $ 0.34 or 178.95 percent, at the same time, top line results fell short of analysts by $ 15.02 million or 0.61 percent.
Stock Performance
On Friday, shares of The Estee Lauder Companies Inc. has traded high as $ 224.90 and has cracked $ 216.25 on the downward trend, reaching $ 219.66 with volume of 1.41 million shares.
According to the previous trading day, closing price of $ 219.66, representing a 62.86 % increase from the 52 week low of $ 137.01 and a 5.39 % decrease over the 52 week high of $ 235.84.
The company has a market capital of $ 79.34 billion and is part of the Consumer Defensive sector and Household & Personal Products industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 240.00 target price.
- On 29th September 2020, upgraded by Goldman Sachs Group to Neutral from Sell rating.
Conference Call
The Estee Lauder Companies Inc. will be hosting a conference call at 9:30 AM eastern time on 2nd November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.elcompanies.com
The Estée Lauder Companies Inc. manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
