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Estée Lauder Earnings Are Imminent; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
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Estée Lauder Earnings Are Imminent; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Aug 19, 2024 1:33 AM

The Estée Lauder Companies Inc. is expected to release earnings results for its fourth quarter, before the opening bell on Monday, Aug. 19.

Analysts expect the New York-based company to report quarterly earnings at 27 cents per share, up from 7 cents per share in the year-ago period. Estée Lauder is projected to post revenue of $3.83 billion. It reported $3.63 billion a year earlier, according to data from Benzinga Pro.

Estee Lauder ( EL ) shares fell 0.2% to close at $94.97 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

B of A Securities analyst Bryan Spillane downgraded the stock from Buy to Neutral and cut the price target from $140 to $100 on Aug. 16. This analyst has an accuracy rate of 68%.

Deutsche Bank analyst Steve Powers maintained a Hold rating and lowered the price target from $132 to $108 on Aug. 9. This analyst has an accuracy rate of 68%.

Raymond James analyst Olivia Tong downgraded the stock from Strong Buy to Market Perform on July 22. This analyst has an accuracy rate of 69%.

Barclays analyst Lauren Lieberman maintained an Equal-Weight rating and slashed the price target from $136 to $117 on July 19. This analyst gas an accuracy rate of 63%.

JP Morgan analyst Andrea Teixeira maintained an Overweight rating and cut the price target from $145 to $129 on July 12. This analyst has an accuracy rate of 62%/

Considering buying EL stock? Here’s what analysts think:

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