Street View: Estee Lauder turnaround gains traction; growth broadens
EL•Estee Lauder’s outlook beats estimates
Estee Lauder EL.N forecast annual profit above estimates on Wednesday, banking on its CEO's turnaround strategy, steady demand for luxury fragrances and strength in China to support growth.
It expects fiscal 2027 adjusted EPS of $3.10 to $3.35, with its midpoint above estimates of $3.18 - data compiled by LSEG.
Q4 sales and adjusted EPS of $3.63 billion and 39 cents beat expectations of $3.54 billion and 32 cents, respectively.
The median PT of 29 brokerages covering the stock is $106.
Brokers see progress, but execution matters
J.P. Morgan (overweight, PT: $112) says EL is being revitalized across the business, but investors will need to see sustained execution and consistent results before fully regaining confidence in the story.
Piper Sandler (overweight, PT: $115) says EL is seeing broad-based growth, with improving demand in North America, makeup and China supporting stronger earnings ahead.
B. Riley Securities (, PT: ) says the return to U.S. sales growth, recovery in travel retail and higher margins point to turnaround gaining traction, though the stock already reflects much of that optimism.
