Estee Lauder Companies (EL) to Release Quarterly Earnings on Friday
Estee Lauder Companies (NYSE:EL) is scheduled to be announcing its Q314 earnings results on Friday, May 2nd. Analysts expect the company to announce earnings of $0.55 per share and revenue of $2.49 billion for the quarter. Estee Lauder Companies has set its Q3 guidance at $0.52-0.55 EPS and its FY14 guidance at $2.80-2.87 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.07 by $0.02. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts expect Estee Lauder Companies to post $2.87 EPS for the current fiscal year and $3.24 EPS for the next fiscal year.
Shares of Estee Lauder Companies (NYSE:EL) opened at 72.57 on Thursday. Estee Lauder Companies has a 52-week low of $63.63 and a 52-week high of $75.77. The stock has a 50-day moving average of $69.60 and a 200-day moving average of $70.95. The company has a market cap of $28.103 billion and a P/E ratio of 28.60.
A number of analysts have recently weighed in on EL shares. Analysts at Goldman Sachs upgraded shares of Estee Lauder Companies from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, April 15th. They now have a $83.00 price target on the stock. On the ratings front, analysts at Trading Central upgraded shares of Estee Lauder Companies from a “sell” rating to a “neutral” rating in a research note on Tuesday, April 8th. Finally, analysts at Sanford C. Bernstein upgraded shares of Estee Lauder Companies from a “market perform” rating to an “outperform” rating in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $79.22.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.