Estée Lauder (EL) shares tanked 20% Thursday after the luxury beauty products maker warned about softness in China and the Asia travel market, pulled its full-year guidance, and cut its dividend.
The cosmetics giant is facing serious challenges in China.
CNBC's Jim Cramer explains why he is keeping an eye on shares of Estee Lauder.
While the top- and bottom-line numbers for Estee Lauder (EL) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Estee Lauder (EL) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.11 per share a year ago.
The luxury cosmetics company points to a complex industry landscape as to why it withdrew guidance.
Estee Lauder withdrew its 2025 sales and profit forecasts on Thursday due to a slowdown in demand for luxury beauty products in major markets such as China.
It seems as if the company will get a new leader quite soon.
Jane Lauder told staff in a memo that she would step aside from her executive role at the company at the end of the year, according to a report.
Get a deeper insight into the potential performance of Estee Lauder (EL) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
EL's fiscal first-quarter results are likely to reflect difficulties in mainland China and Asia travel retail due to persistently weak consumer sentiment.
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.