Consumer Discretionary

Estee Lauder (NYSE:EL) Stock Analyst Ratings

/ / Consumer Discretionary /

Estee Lauder (NYSE:EL) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/13/2024 25.68% DA Davidson → $179 Reiterates Buy → Buy 02/06/2024 17.25% JP Morgan $150 → $167 Maintains Overweight 02/06/2024 -8.02% RBC Capital $115 → $131 Maintains Sector Perform 02/06/2024 22.87% Wells Fargo $155 → $175 Maintains Overweight 02/06/2024 22.87% Raymond James $150 → $175 Maintains Strong Buy 02/06/2024 8.83% Telsey Advisory Group $115 → $155 Maintains Market Perform 01/18/2024 5.32% JP Morgan $118 → $150 Maintains Overweight 01/16/2024 -15.04% Barclays $101 → $121 Maintains Equal-Weight 11/29/2023 14.45% DA Davidson $146 → $163 Maintains Buy 11/28/2023 26.38% HSBC → $180 Initiates Coverage On → Buy 11/08/2023 -15.75% TD Cowen → $120 Downgrades Outperform → Market Perform 11/03/2023 -17.15% Berenberg $224 → $118 Downgrades Buy → Hold 11/02/2023 2.51% DA Davidson $185 → $146 Maintains Buy 11/02/2023 -17.15% JP Morgan $173 → […]

Estee Lauder (NYSE:EL) Stock Analyst Ratings Read Post »

Marriott (NASDAQ:MAR) ‘s Q4 2023 Revenue Falls Short

/ / Consumer Discretionary /

Marriott (MAR) said its fourth-quarter net income increased by 27% to $848 million, or $2.87 a share, from $673 million, or $2.12 a share, in the year-ago quarter. Marriott’s adjusted fourth-quarter profit of $3.57 a share beat the FactSet consensus estimate of $2.12 a share. Fourth-quarter revenue increased to $6.1 billion from $5.9 billion but missed the consensus analyst estimate of $6.2 billion. Marriott said its hotel leisure revenue has recovered to exceed levels in 2019, the year before travel was affected by the COVID-19 pandemic. “While already significantly above 2019 levels, hotel leisure revenue rose again, up 2%,” the company said. “Business transient revenue at our hotels grew 3% from the year-ago quarter, with demand from large corporate customers continuing to make gains.” Looking ahead, Marriott expects adjusted first-quarter profit of $2.12 a share to $2.19 a share, below the FactSet consensus estimate of $2.30 a share. For 2024,

Marriott (NASDAQ:MAR) ‘s Q4 2023 Revenue Falls Short Read Post »

Marriott International (NASDAQ:MAR) Q4 2023 Earnings Conference

/ / Consumer Discretionary /

The following is a summary of the Marriott International, Inc. (MAR) Q4 2023 Earnings Call Transcript: Financial Performance: Marriott International noted a Q4 2023 revenue per available room (RevPAR) increase of over 3% YoY in the U.S. and Canada, and a 17% rise in international RevPAR. Total gross fee revenues rose by 10% to 1.24 billion underpinned by higher RevPAR, room additions, and substantial growth in co-brand credit card fees. Owned, lease, and other revenue net of direct expenses reached 151 million in Q4 2023. Adjusted EBITDA for Q4 2023 climbed 10% to approximately 1.2 billion, signaling a 21% rise YoY. The company noted approximately $267 million of tax benefits due to favorable discrete items in 2023. For 2024, capital returns to shareholders could range from $4.1 billion to $4.3 billion, inclusive of a $500 million cash out for the Sheraton Grand purchase in Chicago. Business Progress: Marriott’s global RevPAR

Marriott International (NASDAQ:MAR) Q4 2023 Earnings Conference Read Post »

Estee Lauder Issues $650M Senior Notes to Fund Purchase

/ / Consumer Discretionary /

Estee Lauder is raising funds as the deadline to fully acquire the Canadian-beauty brand Deciem, owner of The Ordinary brand, approaches. In February 2021, the beauty giant said it agreed to purchase the remaining 24% stake after a three-year period, and it is now issuing $650 million of senior notes to acquire the remaining interest. The Ordinary is boosting Estee Lauder’s results thanks to its distribution strategy and appeal to a younger customer base. It is expected to become Estee Lauder’s seventh $1 billion plus brand in the next few years. The total acquisition is valued at about $1.7 billion. The offering is expected to close on or about Feb. 14. Shares drop 2.9% to $141.61.

Estee Lauder Issues $650M Senior Notes to Fund Purchase Read Post »

Airbnb Sees Strong Travel Demand Despite Earlier Warning — WSJ

/ / Consumer Discretionary /

Airbnb said travel demand held up in its latest quarter despite warning of the potential impact from geopolitical conflicts. The company on Tuesday reported better-than-expected revenue in its fourth-quarter. Demand for its short-term rentals accelerated in recent months after experiencing volatility in October. San Francisco-based Airbnb warned in November that macroeconomic trends and geopolitical conflicts, such as the war in Gaza, may dent travel demand. The company said it expected growth in nights-booked to moderate. Still, growth in the period came in ahead of analysts’ estimates. Nights and experiences booked increased 12% to 98.8 million in Airbnb’s fourth quarter, surpassing the 98 million expected by Wall Street. Here’s how Airbnb did in the quarter: — Revenue increased 17% to $2.22 billion, surpassing the company’s guidance and the $2.17 billion forecast by analysts. — Gross bookings value was up 15% to $15.5 billion, ahead of Wall Street’s expectations. — Airbnb reported

Airbnb Sees Strong Travel Demand Despite Earlier Warning — WSJ Read Post »

Airbnb (NASDAQ:ABNB) Swings to Q4 2023 Loss Amid Higher Revenue; Issues Q1 2024 Guidance

/ / Consumer Discretionary /

Airbnb (ABNB) reported late Tuesday that its Q4 swung to a loss of $0.55 per diluted share from earnings of $0.48 a year ago. Analysts surveyed by Capital IQ expected EPS of $0.55. Revenue for the quarter ended Dec. 31 was $2.22 billion, up from $1.90 billion a year earlier. Analysts surveyed by Capital IQ expected $2.16 billion. The company said it expects Q1 revenue of $2.03 billion to $2.07 billion. Analysts surveyed by Capital IQ expect $2.03 billion. Airbnb’s board approved an up to $6 billion share repurchase program.

Airbnb (NASDAQ:ABNB) Swings to Q4 2023 Loss Amid Higher Revenue; Issues Q1 2024 Guidance Read Post »

Airbnb Fourth-Quarter Revenue Beats Views on Travel Strength

/ / Consumer Discretionary /

Airbnb’s (ABNB) fourth-quarter revenue surpassed Wall Street’s estimates on the back of strong travel demand, while the vacation rental company said late Tuesday it expects its top line in the first quarter to benefit from the timing of Easter. Revenue increased 17% year over year to $2.22 billion during the three months ended Dec. 31, above the Capital IQ-polled consensus for $2.16 billion. Nights and experiences booked grew 12% to 98.8 million, exceeding the view on Visible Alpha indicating 98.1 million. “Following the volatility that impacted our business in October, we saw an acceleration of nights booked growth throughout the rest of the quarter,” the company said in a shareholder letter. Gross booking value, which includes host earnings, service fees, cleaning fees, and taxes, jumped 15% annually to $15.5 billion. The company swung to a per-share loss of $0.55 in the fourth quarter from earnings of $0.48 per share a

Airbnb Fourth-Quarter Revenue Beats Views on Travel Strength Read Post »

Scroll to Top