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Estee Lauder's Fiscal Q2 Likely Within Forecasts Due to Strong Holiday Shopping Season in US, RBC Says
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Estee Lauder's Fiscal Q2 Likely Within Forecasts Due to Strong Holiday Shopping Season in US, RBC Says
Jan 31, 2025 8:58 AM

11:32 AM EST, 01/31/2025 (MT Newswires) -- Estee Lauder's ( EL ) fiscal Q2 results are expected to meet analyst expectations and be within the guided range due to a robust holiday shopping season in the US, RBC Capital Markets said Friday in a note.

A strong holiday season for beauty in the US helped offset headwinds for the company such as a tough environment in China and political instability in South Korea, the firm said in its results preview.

Aside from the quarterly results, investors will also be keenly interested in Stephane de La Faverie's first public appearance and commentary as Estee Lauder's ( EL ) chief executive, RBC said.

Estee Lauder ( EL ) will release its fiscal Q2 results on Tuesday.

RBC has an outperform rating on the stock and a $100 price target.

Price: 85.65, Change: +0.17, Percent Change: +0.20

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