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The Estee Lauder Companies (EL) is bearing the brunt of weakness in Asia travel retail. Thanks to its solid international presence, it remains exposed to unfavorable currency rates.
Estée Lauder has experienced a significant price decline over 2 years, presenting an improved valuation opportunity in a brand-name winner. Restructurings and cost-cutting could support a turnaround in the stock quote during the first half of 2024. The dividend growth story may be an added bonus for long-term buy and hold accounts.
Amid the brewing economic tempest, it's imperative for investors reevaluate their portfolios, particularly with regards to cyclical stocks to sell. With the uncertain U.S. economy, wagering on these stocks becomes a liability.
Estee Lauder (EL) reported earnings 30 days ago. What's next for the stock?
Luxury brand stocks have proven to be a great investment throughout the decades. The combination of powerful brands and tremendous pricing power tends to lead to superior earnings growth compared to other consumer-focused companies.
A focus on its best, most profitable markets makes sense. But does the stock price leave much room for investors to profit?
Estée Lauder is getting hammered by slowing China and travel demand. But aside from that, the business is doing fine.
Estee Lauder (NYSE: EL) reported its Q1'24 results earlier this week (the fiscal year ends in June), with revenues meeting and earnings beating the street estimates.
The five billionaire Lauder heirs correspondingly lost a combined $2.9 billion Wednesday.
Estee Lauder's (EL) first-quarter fiscal 2024 results reflect lower net sales and earnings. Management lowered the fiscal 2024 view on incremental external headwinds.