Estée Lauder Companies FY24 Outlook: Adj. EPS $2.14 - $2.24 Vs. $2.25 Estimate, Revenue Growth (3%) - (2%)
Portfolio Pulse from Benzinga Newsdesk
Estée Lauder Companies projects a decrease in FY24 net sales by 2-3% and organic net sales by 1-2%. Adjusted EPS is forecasted between $2.14 and $2.24, below the $2.25 estimate. Factors include currency headwinds, increased net interest expense, and potential disruptions in the Middle East. Adjusted diluted net earnings per share are expected to decrease by 33-36% on a constant currency basis.
May 01, 2024 | 10:54 am
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Estée Lauder anticipates a decrease in FY24 sales and adjusted EPS below estimates, citing currency headwinds, increased expenses, and Middle East risks.
The projected decrease in sales and adjusted EPS below the estimate for Estée Lauder is likely to negatively impact investor sentiment in the short term. The mention of currency headwinds, increased net interest expense, and geopolitical risks in the Middle East adds to the uncertainty, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100