What to Expect From The Estée Lauder Companies’ Q2 Results?
<p>Analysts at Oppenheimer provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/EL'>The Estée Lauder Companies Inc. (NYSE:EL) </a>ahead of the company’s Q2 results, expected to be reported on Feb 3.</p>
<p>The analysts anticipate a strong delivery, but less upside than in prior quarters. COVID-19 headwinds, particularly in markets such as China, likely dampened upside potential and could also weigh upon the Q3 results. </p>
<p>According to the analysts, secular beauty category tailwinds and reopening potential in the makeup and travel retail categories suggest a bright intermediate-term outlook for the shares, which has lost around 16% since the start of the year.</p>
<p>The analysts raised their Q2 estimate modestly to reflect strength in the Americas, while lowering their forecasts for Q3 based on potential headwinds in markets/channels such as China and travel retail related to COVID-19. This includes the adverse impact of China lockdowns. The analysts expect management to guide Q3 below the consensus estimates. The analysts now have a Q3 estimate of $1.83, versus Street’s $1.93.</p>

NYSE:EL