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Cosmetics Giant Set to Post Fourth Quarter Results Before the Bell Monday

June 29, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is watching Estee Lauder (EL) as the cosmetics company is set to post fourth quarter fiscal 2015 results before the opening bell on Monday. Cramer says Estee Lauder ‘has been the most consistent consumer packaged goods company there is, I don’t think it’ll let us down.’ He concedes that the company has a very high valuation but he says ‘I will insist on pointing out that it has not missed any quarters and that is probably the most consistent of that whole group with the exception of Clorox.’ The company posted a 41 percent positive earnings surprise in its last quarter. For this announcement, analysts are expecting earnings of $0.34 a share on revenue of $2.6 billion.

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