Estee Lauder Sees Q1 FY24 Adj EPS of ($0.29) - ($0.19); Expects Q1 FY24 Revenue Decline Of 12% - 10%
Portfolio Pulse from Benzinga Newsdesk
Estee Lauder forecasts a decline in Q1 FY24 revenue by 10% - 12% and an adjusted EPS of ($0.29) - ($0.19).
August 18, 2023 | 11:00 am
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NEGATIVE IMPACT
Estee Lauder's Q1 FY24 revenue is expected to decrease by 10% - 12% and adjusted EPS is projected to be ($0.29) - ($0.19).
Estee Lauder's projected decline in revenue and negative EPS for Q1 FY24 indicates a potential financial downturn for the company. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100