Estée Lauder Sees FY24 Reported Net Sales Down 2% To Up 1%, Sees Adj. EPS Down 25-33% On Constant Currency Basis
Portfolio Pulse from Benzinga Newsdesk
Estée Lauder forecasts a decrease in FY24 reported net sales by 2% to an increase of 1%. The company also anticipates a 25-33% drop in adjusted EPS on a constant currency basis.
November 01, 2023 | 10:49 am
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NEGATIVE IMPACT
Estée Lauder's FY24 earnings forecast indicates a potential decrease in net sales and a significant drop in adjusted EPS. This could negatively impact the company's stock price.
Estée Lauder's forecast of a potential decrease in net sales and a significant drop in adjusted EPS for FY24 could lead to a negative investor sentiment, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100