Estee Lauder Companies Inc reports results for the quarter ended March 31 - Earnings Summary

• Estee Lauder Companies Inc EL.N reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 97 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 25 cents to 40 cents per share.

• Revenue fell 9.9% to $3.55 billion from a year ago; analysts expected $3.52 billion.

• Estee Lauder Companies Inc's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $159 million.

• Estee Lauder Companies Inc shares had fallen by 9.2% this quarter and lost 20.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 49.9% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 24 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the personal products peer group is also "hold"

• Wall Street's median 12-month price target for Estee Lauder Companies Inc is $65.50

This summary was machine generated from LSEG data May 1 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)