Estee Lauder Companies Inc reports results for the quarter ended June 30 - Earnings Summary

• Estee Lauder Companies Inc EL.N reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from zero cents to 22 cents per share.

• Revenue fell 12% to $3.41 billion from a year ago; analysts expected $3.40 billion.

• Estee Lauder Companies Inc's reported EPS for the quarter was a loss of $1.51​.

• The company reported a quarterly loss of $546 million.

• Estee Lauder Companies Inc shares had risen by 11.2% this quarter and gained 19.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 20 "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 $85.00, about 5.7% below its last closing price of $89.87

This summary was machine generated from LSEG data August 20 at 01:30 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)