Previous close | 5.90 |
Open | N/A |
Bid | 4.80 |
Ask | 6.40 |
Strike | 440.00 |
Expiry date | 2024-01-19 |
Day's range | 5.90 - 5.90 |
Contract range | N/A |
Volume | |
Open interest | N/A |
While the top- and bottom-line numbers for Estee Lauder (EL) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Estee Lauder (EL) delivered earnings and revenue surprises of 19.38% and 1.06%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Estee Lauder Cos Inc forecast a bigger drop in full-year profit than it had initially estimated, citing uncertainity around recovery in major market China. Analysts, meanwhile, expect China's recent move to relax its toughest COVID-related curbs and lift travel restrictions to improve sales for U.S. luxury and beauty companies, such as Estee, that took a beating from the country's strict zero-COVID policy. Estee said it expects a return to sales growth in Mainland China and Asia travel retail in the second half of the year.