Estèe Lauder – Glowing Performance

The management of Estee Lauder Companies Inc. (EL) must be glowing, to say the least, when it announced first quarter (1Q) financial results for the company’s 2014 fiscal year (FY14). The manufacturer of prestige beauty products kicked off the new year with better-than-expected earnings in the first quarter, and has thereafter brushed up its profit outlook for the remaining nine months as well.
Estee Lauder’s  per share earnings (EPS) for 1QFY14 bested both analyst estimates and company guidance. Even though EPS was three cents lower year-over-year (YoY) at $0.76, the announcement came as a positive surprise, given that the management had forecast per share earnings to fall in the range of $0.67 and $0.71, while consensus estimates for EPS were $0.73. Net sales for the quarter totaled $2.68 billion, in line with the company’s projections and 5% higher than the comparable year-ago period.
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Estee Lauder – Value That Is More Than Skin Deep

Estee Lauder Companies, Inc. (EL) has never looked better. Even though its topline grew only 5% in fiscal year 2013 (FY13) – it was a slow year in the US market, worsened by challenges in markets abroad – Lauder managed to grow its bottomline by a much wider 16%. With earnings expected to rise another 13% in FY14 (year started July 1, 2013), Bidness Etc thinks the stock looks appealing at current valuations. Here’s a look at why.

Company Profile

Estee Lauder is a leading manufacturer of makeup, prestige skin care and hair care products and fragrances, which it sells in over 150 countries through a multi-channel distribution model. The company is recognized globally for its brands, innovative products and personalized, high-touch customer service.

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