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The price of Estee Lauder’s securities have been growing at a record pace for seven years

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The price of Estee Lauder’s securities have been growing at a record pace for seven years
February 05
09:00 2019

After a positive report on the profit for the second quarter of the fiscal year, Estee Lauder has improved its overall outlook for the year. Against the background of this undoubtedly positive event, the company’s shares have grown by 14%. This is the largest increase in the last 7 years. Over the past year, the company’s value has increased by 16% amounting to $ 49 billion.

In the second quarter of the last fiscal year, the profit of the cosmetics giant Estee Lauder was $ 123 million. In terms of one share, the indicator was equal to $ 0.3. In this fiscal year, the profit has totaled $ 573 million, or $ 1.5 per share.

Also, the quarter revenue has increased to $ 4 billion.

Experts predicted similar numbers. According to their calculations, the company could receive $ 3.9 billion in revenue. In so doing, the company was expected to make a profit of about one and a half dollars per share.

Statistics for the past quarter provides interesting data. The number of sold perfume has decreased by 5%. But the sales of cosmetics, products for hair and skin care have risen by 3%, 7% and 16% respectively.

Estee Lauder owes much of its increased profit to the Asian, Middle Eastern and European regions. Here, the growth in sales from October to December has amounted to about 17%.

After such a strong reporting, the company has changed its profit forecast for the quarter. It has totaled $ 4.9-5 per share. Earlier, the figures were 4.7-4.8 dollars. The revenue forecast has also increased to 5-6%.

Estee Lauder products are sold worldwide. It owns more than 30 different brands. The company produces perfumes and cosmetics.


            The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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