Estee Lauder Cos (NYSE:EL) reported its Q2 earnings results on Thursday, February 3, 2022 at 06:45 AM.
Here's what investors need to know about the announcement.
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Earnings
Estee Lauder Cos beat estimated earnings by 14.02%, reporting an EPS of $3.01 versus an estimate of $2.64, which surprised analysts.
Revenue was up $687.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.2, which was followed by a 0.52% increase in the share price the next day.
Here's a look at Estee Lauder Cos's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.69 | 0.50 | 1.31 | 1.69 |
| EPS Actual | 1.89 | 0.78 | 1.62 | 2.61 |
| Revenue Estimate | 4.25B | 3.75B | 3.93B | 4.49B |
| Revenue Actual | 4.39B | 3.94B | 3.86B | 4.85B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Estee Lauder Cos management provided guidance for their next quarter, expecting earnings between $1.55 and $1.65 per share for the next quarter.
This represents a -46.84% in quarter-over-quarter growth for Estee Lauder Cos, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
