Beauty products company Estée Lauder (NYSE:EL) will be reporting earnings this Thursday before the bell. Here's what to expect.
Estée Lauder beat analysts' revenue expectations by 2.9% last quarter, reporting revenues of $3.48 billion, up 3.5% year on year. It was a very strong quarter for the company, with a beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates.
There has been positive sentiment among investors in the consumer staples segment, with share prices up 9% on average over the last month. Estée Lauder is up 7.2% during the same time and is heading into earnings with an average analyst price target of $109.75 (compared to the current share price of $115.67).
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