Estée Lauder (EL) Q3 earnings: what to expect
Beauty products company Estée Lauder (NYSE:EL) will be announcing earnings results this Monday before the bell. Here’s what to look for.
Estée Lauder beat analysts’ revenue expectations last quarter, reporting revenues of $3.64 billion, up 6.8% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS and organic revenue estimates.
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 4.8% year on year, improving from the 3.5% increase 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 consumer staples segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Medifast’s revenues decreased 19.4% year on year, beating analysts’ expectations by 1%, and Vita Coco reported revenues up 33.7%, topping estimates by 6.1%. Medifast traded up 5.1% following the results while Vita Coco was down 11%.
Read our full analysis of Medifast’s results here and Vita Coco’s results here.
There has been positive sentiment among investors in the consumer staples segment, with share prices up 6.4% on average over the last month. Estée Lauder is up 21.9% during the same time and is heading into earnings with an average analyst price target of $110.05 (compared to the current share price of $112.15).
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