Estée Lauder expects fiscal 2025 adjusted earnings of between $2.75 and $2.95 a share, well below Wall Street expectations.
Estee Lauder Cos. stock was down 8.5% in premarket trading Monday after the hair- and makeup-products maker's outlook for fiscal 2025 came in below analyst estimates due partly to “persistent weak sentiment among Chinese consumers.
Estee Lauder Cos. EL, -0.18% said Monday a search for a new chief executive officer has already been launched and that current Chief Executive Fabrizio Freda plans to retire at the end of fiscal year 2025 after 16 years in the job.
Estee Lauder said on Monday CEO Fabrizio Freda had decided to retire from his role next year after leading the beauty and cosmetics giant for nearly 15 years.
The shares of Estee Lauder Companies Inc (NYSE:EL) are 0.7% lower at $94.51 at last look, after a bear note from BofA Global Securities.
The Estée Lauder Companies Inc. EL is expected to release earnings results for its fourth quarter, before the opening bell on Monday, Aug. 19.
The Estee Lauder Companies' (EL) fiscal fourth-quarter results are likely to reflect the gains from online strength and emerging market presence amid a tough macroeconomic environment.
Estée Lauder's stock is down three-quarters from its all-time high as the business has experienced strong headwinds. The initial FY 2024 guidance was way too optimistic; however, the economic environment has not improved since then, to the contrary. Recent acquisitions and restructuring efforts have not significantly improved the company's financial performance.
Get a deeper insight into the potential performance of Estee Lauder (EL) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Estee Lauder (EL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Estee Lauder's business model is not flawless, with high operating expenses and manufacturing in expensive locations. The company has seen a significant decline in stock due to post-pandemic stagnation, Chinese crackdown on smuggling, and unmet growth expectations. Recovery plan includes margin improvement, revenue growth, and opex reduction, potentially leading to a 15% CAGR in the next three to five years.
Currently, several high-profile stocks in the S&P 500 are trading at their 52-week lows. These firms have all had their shares beaten down 15% to 30% in the last three months, but also show signs of a potential rebound.