Beauty products company Estée Lauder (NYSE: EL) will be announcing earnings results this Wednesday before the bell. Here’s what to expect.
Estée Lauder met analysts’ revenue expectations last quarter, reporting revenues of $3.71 billion, up 4.6% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and full-year EPS guidance exceeding analysts’ expectations.
Is Estée Lauder a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Estée Lauder’s revenue to grow 4% year on year, a reversal from the 12% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Estée Lauder rarely misses Wall Street’s revenue estimates.
Looking at Estée Lauder’s peers in the personal care segment, some have already reported their Q2 results, giving us a hint as to what we can expect. e.l.f. Beauty delivered year-on-year revenue growth of 35.5%, beating analysts’ expectations by 11%, and Medifast reported a revenue decline of 27.6%, topping estimates by 5.1%. e.l.f. Beauty traded up 6.9% following the results while Medifast was also up 34.3%.
Read our full analysis of e.l.f. Beauty’s results here and Medifast’s results here.
Investors in the personal care segment have had steady hands going into earnings, with share prices flat over the last month. Estée Lauder’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $95.85 (compared to the current share price of $84.32).
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