Despite an expected dip in profit, analysts are generally optimistic about Estee Lauder as it prepares to reports its first-quarter earnings on Tuesday, November 4, 2014. The consensus earnings per share estimate is 55 cents per share.
The consensus estimate is down from three months ago when it was 72 cents, but is unchanged over the past month. Analysts are expecting earnings of $2.98 per share for the fiscal year. Analysts look for revenue to decrease 2% year-over-year to $2.62 billion for the quarter, after being $2.68 billion a year ago. For the year, revenue is projected to roll in at $11.14 billion.
The fall in profit in the fourth quarter followed a profit increase in the previous quarter. The 14% profit decline in the most recent quarter brought the figure down to $257.7 million. In the quarter before that, net income was up 19% year-over-year.
Revenue has gone up for three straight quarters. The 2% revenue increase brought the figure up to $2.73 billion in the most recent quarter. Looking back further, revenue increased 11% in the third quarter from the year earlier and 3% in the second quarter.
The majority of analysts (67%) rate Estee Lauder as a buy. This compares favorably to the analyst ratings of eight similar companies, which average 41% buys.
Earnings estimates provided by Zacks.
Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.
