Estee Lauder Sees FY24 EPS of $3.43 - $3.70 Vs. $3.36 Est; Expects FY24 Revenue Growth Of 5% - 7%
Portfolio Pulse from Benzinga Newsdesk
Estee Lauder has projected its FY24 earnings per share (EPS) to be between $3.43 and $3.70, which is higher than the estimated $3.36. The company also anticipates a revenue growth of 5% - 7% for FY24.
August 18, 2023 | 10:55 am
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Estee Lauder's projected EPS for FY24 is higher than the estimated $3.36, which could positively impact the company's stock. The company also expects a 5% - 7% revenue growth for FY24.
Estee Lauder's higher than expected EPS forecast for FY24 indicates potential profitability, which could attract investors and drive up the stock price. The anticipated revenue growth further strengthens the company's financial outlook, potentially leading to a positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100