Things To Note Ahead Of Estee Lauder's (EL) Q2 Earnings
Zacks Investment Research | Feb 03, 2020 03:59AM ET
The Estee Lauder Companies Inc. (NYSE:EL) is slated to report second-quarter fiscal 2020 results on Feb 6, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 4.4%. In fact, this cosmetics behemoth boasts a splendid earnings surprise history. Estee Lauder’s earnings outperformed the Zacks Consensus Estimate by 14.3%, on average, in the trailing four quarters.
The Zacks Consensus Estimate for fiscal second-quarter earnings has moved north by 2 cents to $1.91 over the past 30 days. This suggests an increase of 9.8% from the year-ago period’s reported figure. Further, the consensus mark for revenues is pegged at $4,364 million, indicating growth of around 9% from the figure reported in the year-ago quarter.
Key Factors to Note
Estee Lauder has been benefiting from strong online business. The company has been continuously implementing new technology and digital experiences like online booking for each store appointment, omni-channel loyalty programs and high touch mobile services to boost online sales. Further, it has expanded brand presence across various third-party sites to widen market reach.
Also, Estee Lauder has been gaining from a robust travel retail network. In order to enhance travel retail sales, the company has been focused on undertaking endeavors like better customer insights, enhanced merchandising and improved digital marketing.
The Estee Lauder Companies Inc. Price, Consensus and EPS Surprise
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