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Estee Lauder Companies, Inc. (EL - Free Report) is one of the world's leading manufacturers and marketers of quality skin care, makeup and fragrance and hair care products. The company reported third-quarter fiscal 2017 results, wherein adjusted earnings of 91 cents per share were significantly ahead of both the prior-year figure and the Zacks Consensus Estimate of 73 cents. In constant currency, earnings per share were up 28% to 93 cents.
The company reiterated its constant currency earnings per share growth guidance of 8% to 9%, before charges. The company projects earnings per share before charges in the range of $3.32 and $3.37.
Earnings Estimate Revision: The Zacks Consensus Estimate for the current fiscal has been stable in the last 30 days. If we look at Estee Lauder’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 10.2%.
Estee Lauder Companies, Inc. (The) Price and EPS Surprise
Revenues: Estee Lauder generated net sales of $2,857 million, up 8% year over year. Sales also surpassed the Zacks Consensus Estimate of $2,808 million. The increase was backed by additional sales contribution from the company’s recent acquisitions of Too Faced and BECCA. These acquisitions accounted for nearly half of the reported sales growth.
The company anticipates constant currency sales growth of 6%–7% for fiscal 2017. This includes about 2% of sales contribution from recent acquisitions. Reported sales are expected to increase in the range of 4%–5%.
Key Events: Estee Lauder declared a quarterly cash dividend of 34 cents per share for Class A and Class B shares. The dividend is payable on Jun 15, to shareholders with record as on May 31.
Stock Movement: Estee Lauder’s shares jumped nearly 3.6% during pre-market trading hours following the earnings release. Investors developed a positive sentiment following the company’s better-than-expected results and favorable fiscal 2017 view.
Check back later for our full write up on Estee Lauder’s earnings report!
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Estee Lauder (EL) Beats on Q3 Earnings & Sales, View Intact
Estee Lauder Companies, Inc. (EL - Free Report) is one of the world's leading manufacturers and marketers of quality skin care, makeup and fragrance and hair care products. The company reported third-quarter fiscal 2017 results, wherein adjusted earnings of 91 cents per share were significantly ahead of both the prior-year figure and the Zacks Consensus Estimate of 73 cents. In constant currency, earnings per share were up 28% to 93 cents.
The company reiterated its constant currency earnings per share growth guidance of 8% to 9%, before charges. The company projects earnings per share before charges in the range of $3.32 and $3.37.
Earnings Estimate Revision: The Zacks Consensus Estimate for the current fiscal has been stable in the last 30 days. If we look at Estee Lauder’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 10.2%.
Estee Lauder Companies, Inc. (The) Price and EPS Surprise
Estee Lauder Companies, Inc. (The) Price and EPS Surprise | Estee Lauder Companies, Inc. (The) Quote
Revenues: Estee Lauder generated net sales of $2,857 million, up 8% year over year. Sales also surpassed the Zacks Consensus Estimate of $2,808 million. The increase was backed by additional sales contribution from the company’s recent acquisitions of Too Faced and BECCA. These acquisitions accounted for nearly half of the reported sales growth.
The company anticipates constant currency sales growth of 6%–7% for fiscal 2017. This includes about 2% of sales contribution from recent acquisitions. Reported sales are expected to increase in the range of 4%–5%.
Key Events: Estee Lauder declared a quarterly cash dividend of 34 cents per share for Class A and Class B shares. The dividend is payable on Jun 15, to shareholders with record as on May 31.
Zacks Rank: Currently, Estee Lauder carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Estee Lauder’s shares jumped nearly 3.6% during pre-market trading hours following the earnings release. Investors developed a positive sentiment following the company’s better-than-expected results and favorable fiscal 2017 view.
Check back later for our full write up on Estee Lauder’s earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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