0.75% -1.07

Estee Lauder Cos., Inc. (EL)

Panoramica Notizia Cronologia dei prezzi Catena di opzioni Financials Perché EL Giù? Forum Previsione Frazionamento azionario Storia dei dividendi

Perché le azioni Estee Lauder Cos., Inc. (EL) sono in ribasso?

Abbiamo notato un calo di 13.18% nelle azioni di Estee Lauder Cos., Inc. (EL) durante la sessione di negoziazione di 2024-05-01. Sebbene ciò possa essere attribuito alla normale volatilità o a vari fattori interni ed esterni, tieni presente che stiamo monitorando attivamente la situazione e forniremo aggiornamenti tempestivi il prima possibile!

2023-11-01:

Shares of Estée Lauder Company (EL) dropped by 18.90% from $128.87 to $104.51 in the trading on Wednesday, November 1, 2023. The reason why EL down is due to the company's weaker-than-expected Q1 results and FY2024 outlook cut.

Q1 performance: In the three months ending in September, Estée Lauder reported a 10% year-over-year decrease in sales to $3.5 billion, with net income plummeting over 90% to $36 million.
Revised Earnings Per Share Forecast: The company slashed its adjusted earnings per share outlook for fiscal 2024 to $2.17 to $2.42, down from the previous range of $3.50 to $3.75. This revision reflects market challenges and the impact of the Israel-Hamas conflict, falling short of Wall Street's expectations.
Challenges in Asia and War-Related Disruption: Estée Lauder's profit outlook was impacted by a sluggish recovery in Asia and an approximately $80 million earnings hit due to the Israel-Hamas conflict disruption. Weakness in China, a slow recovery in travel retail, and muted mainland China demand were key contributors.
Persisting Challenges and Uncertainties: Estée Lauder foresees an earnings hit of about 22 cents per share, approximately $78.7 million, from the Israel-Hamas conflict, along with a 1% reduction in sales growth. Currency effects and concerns about weakening consumer confidence in specific markets add to the company's challenges.