Preview: Estee Lauder Cos's Earnings
Portfolio Pulse from Benzinga Insights
Estee Lauder Cos (NYSE:EL) is scheduled to release its quarterly earnings report on February 5, 2024, with an estimated EPS of $0.55. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows that Estee Lauder has had a mixed performance in past quarters, with the stock price reacting variably to earnings beats and misses. Currently, the stock is trading at $134.7, marking a 49.46% decline over the last 52 weeks.
February 02, 2024 | 3:01 pm
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POSITIVE IMPACT
Estee Lauder is expected to report an EPS of $0.55 for the upcoming quarter. Historical performance shows significant stock price movements post-earnings announcements.
Given Estee Lauder's history of stock price movements following earnings reports, especially after beating EPS estimates, there's a positive outlook for the short term. The anticipation of beating the EPS estimate again, coupled with the potential for positive future guidance, could lead to an uptick in the stock price. However, the overall negative trend over the past year and the mixed reactions to past earnings results introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100