Estée Lauder's stock is dropping as the company faces ongoing challenges in China, leading to a lower revenue outlook. Despite reporting positive earnings with diluted EPS of $0.91 and revenue of $3.94 billion (+5% YoY), the shares fell around 15%. Analysts attribute the decline to weak guidance, prompting a downgrade from Morgan Stanley.
$eL Estee Lauder outlook leads to Morgan Stanley downgrade Weak guidance has caused Morgan Stanley to switch its bullish call on Estee Lauder . Analyst Dara Mohsenian downgraded the cosmetics stock to equal weight from overweight and slashed his price target by $24 to $140.…
Estée Lauder $EL shares now up 7% since we tweeted to crowd-source theories why it fell ~15% after results Doesn't mean we were right in disagreeing with the market, but it does mean at least the question was valid https://t.co/gafSggVsus https://t.co/Vxgguy4bF8
Estée Lauder Stock Discussion: Dead Cat Bounce After 15% Fall? $EL $OR https://t.co/6kMqiGU9Bb
"Estée Lauder: “Once Bitten, Twice Shy” as Market Ignores Return to Growth" Inflection as sales grew +6% in Q3, guided +6-10% Q4 Gross Margin, EBIT Margin rose; EPS doubled Restructuring takes EBIT to above FY19 23x FY19 EPS; we see 80% return (32% IRR) https://t.co/r37IvlgsJa… https://t.co/wtUy2TURSR
"Estée Lauder: “Once Bitten, Twice Shy” as Market Ignores Return to Growth" https://t.co/r37IvlgsJa Inflection as sales grew +6% in Q3, guided +6-10% Q4 Gross Margin, EBIT Margin rose; EPS doubled Restructuring takes EBIT to above FY19 23x FY19 EPS; we see 80% return (32% IRR)… https://t.co/pvnAV8QzU6
"Estée Lauder: “Once Bitten, Twice Shy” as Market Ignores Return to Growth" $EL $OR Inflection as sales grew +6% in Q3, guided +6-10% Q4 Gross Margin, EBIT Margin rose; EPS doubled Restructuring takes EBIT to above FY19 23x FY19 EPS; we see 80% return (32% IRR) See profile link https://t.co/KPcYkLvHRp
Estée Lauder $EL shares down ~15% this morning Looking for theories why - replies are open below https://t.co/KAWjBlfNJw
Estée Lauder $E shares down ~15% this morning Looking for theories why - replies are open below https://t.co/CAgpdwObaW
Estée Lauder $EL Earnings: - Diluted EPS of $0.91 - Adjusted Diluted EPS of $0.97 - Revenue of $3.94 billion (+5% YoY) - Organic net sales growth of 6% YoY Fabrizio Freda, President and Chief Executive Officer said, “For the third quarter of fiscal 2024, we delivered our… https://t.co/GiehxnEu2u
Estée Lauder lowers its revenue outlook for the remainder of the year citing continued challenges in China https://t.co/ZoQNvkTDyM
Estée Lauder Stock Is Dropping. China Problems Aren’t Going Away. https://t.co/uoMO3T2Jcd