Published on 1 Feb 2023 on Zacks via Yahoo Finance
Why Earnings Season Could Be Great for The Estee Lauder Companies (EL)
Investors are always looking for stocks that are poised to beat at earnings season and The Estee Lauder Companies Inc. EL may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because The Estee Lauder Companies is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for EL in this report.In fact, the Most Accurate Estimate for the current quarter is currently at $1.30 per share for EL, compared to a broader Zacks Consensus Estimate of $1.29 per share. This suggests that analysts have very recently bumped up their estimates for EL, giving the stock a Zacks Earnings ESP of +0.32% heading into earnings season.
The Estee Lauder Companies Inc. Price and EPS Surprise
