These Analysts Revise Price Targets On Estée Lauder After Q4 Results

The Estée Lauder Companies Inc. EL reported better-than-expected results for its fourth quarter on Thursday.

However, the company it sees FY23 adjusted EPS of $7.39 - $7.54, against the consensus of $7.99. Reported net sales are forecasted to increase by 3% - 5%. For Q1, it expects adjusted EPS of $1.22 - $1.32 versus the consensus of $1.88. Reported net sales are forecasted to decrease by 10% - 8%.

Estée Lauder shares fell 0.9% to $279.00 in pre-market trading.

Several analysts made changes to their price targets on Estée Lauder following the release of results.

• RBC Capital lowered price target on Estée Lauder from $322 to $313. However, RBC Capital analyst Nik Modi maintained the stock with an Outperform.
• Credit Suisse cut Estée Lauder price target from $310 to $308. However, Credit Suisse analyst Michael Binetti maintained the stock with an Outperform rating.
• Wells Fargo, however, raised Estée Lauder’s price target from $290 to $310. Wells Fargo analyst Chris Carey maintained an Overweight rating on the stock.