Estee Lauder Cos Q2 Adj EPS $0.88 Beats $0.55 Estimate, Sales $4.28B Beat $4.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Estee Lauder Cos (NYSE:EL) reported Q2 adjusted earnings of $0.88 per share, surpassing the $0.55 estimate by 60%, despite a 42.86% decrease from last year's $1.54. Sales reached $4.28B, exceeding the $4.19B estimate by 2.12%, yet marking a 7.40% decline from the previous year's $4.62B.
February 05, 2024 | 11:47 am
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Estee Lauder Cos reported a significant beat on both earnings and sales estimates for Q2, with adjusted EPS at $0.88 against a $0.55 estimate and sales of $4.28B against a $4.19B estimate, despite year-over-year declines.
Beating both earnings and sales estimates significantly, especially by 60% for EPS, is likely to be viewed positively by investors, potentially leading to a short-term uptick in EL's stock price. However, the year-over-year declines in both earnings and sales might temper some of the positive momentum, hence the importance is not at the maximum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100