Estee Lauder to cut jobs on skittish China demand; shares surge 19%
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Evercore ISI Positive on Estee Lauder (EL) Following Earnings
February 5, 2024 8:11 AM ESTEvercore ISI analyst Robert Ottenstein reiterated an Outperform rating and $145.00 price target on Estee Lauder (NYSE: EL).
The analyst comments "Estees 2Q EPS F24 of $0.88 represented a $0.33 upside to consensus $.55, driven by signs of stabilization in the European division, where global travel retail operates sales are still declining... More
Citi on Estee Lauder (EL): 'We expect the new restructuring plan...to drive a positive reaction today'
February 5, 2024 7:40 AM ESTCiti analyst Filippo Falorni reiterated a Neutral rating and $140.00 price target on Estee Lauder (NYSE: EL).
The analyst comments "As we highlighted in our preview, F2Q24 results were pressured by continued headwinds in Asia Pac TR & Mainland China but... More
Goldman Sachs on Estee Lauder (EL) Post Earnings: 'we expect the stock to trade higher'
February 5, 2024 7:38 AM ESTGoldman Sachs analyst Jason English reiterated a Buy rating and $141.00 price target on Estee Lauder (NYSE: EL)
The analyst comments "EL reported mixed results with a sharp sequential improvement in gross margin driving an EPS beat that was coupled with revenue that was... More
Estee Lauder (EL) surges 15% on results, job cuts
February 5, 2024 7:08 AM ESTEstee Lauder (NYSE: EL) stock soared over 15% in premarket trading Monday after the company reported better-than-expected Q2 results and announced plans to cut 3-5% of its workforce.
The company posted second-quarter earnings per share (EPS) of $0.88, topping the consensus estimates of $0.54. Revenue came in at $4.28 billion, ahead of the projected $4.19 billion.
The beauty products maker also trimmed its... More
