Consumer Discretionary

Estee Lauder (NYSE:EL) ‘s Stock Soars as Profit Beats Expectations by a Wide Margin, and as the Business Has Reached ‘an Inflection Point’

/ / Consumer Discretionary /

Shares of Estee Lauder Companies (EL) soared 10.7% in premarket trading Monday, after the beauty-products company reported fiscal second-quarter profit that beat expectations by a wide margin, and said the business has reached “an inflection point” that sets its up for a strong second half. Net income for the quarter to Dec. 31 fell to $313 million, or 87 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 88 cents beat the FactSet consensus of 54 cents. Sales declined 7.4% to $4.28 billion. reflecting challenges in Asia travel retail and softness in prestige beauty in China, but came in above the FactSet consensus of $4.19 billion. Among the company’s largest business segments, skin care sales fell 10% to $2.17 billion and makeup sales declined 8% to $1.17 billion. Looking ahead, the company expects double-digit percentage organic sales growth in the second half of the […]

Estee Lauder (NYSE:EL) ‘s Stock Soars as Profit Beats Expectations by a Wide Margin, and as the Business Has Reached ‘an Inflection Point’ Read Post »

Ford Motor Posts Higher US Vehicle Sales for January Despite EV Drop

/ / Consumer Discretionary /

Ford Motor (F) logged higher US vehicle sales for January on an annual basis despite a sharp drop in electric vehicle sales. The automaker said Friday it sold 152,617 vehicles last month, up from 146,356 a year earlier. EV sales tumbled nearly 11% to 4,674 units. Last month, Ford said it was lowering the production of its F-150 Lightning electric pickups to match customer demand. The company also had said it expected continued growth in global EV sales this year, though less than projected. Hybrid vehicle sales in the US surged 43% year over year to 11,157 last month, while internal combustion sales advanced 2.6% to 136,786. Sport-utility vehicle sales increased 8.5% to 68,120, and truck sales rose 1.5% to 80,726. F-150 Lightning sales ticked 0.3% lower to 2,258. Car sales dropped 6% to 3,771 units, the company said Friday. Ford outlined plans in January to create roughly 900 new

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Amazon.com, Inc. (AMZN) Stock Analyst Ratings

/ / Consumer Discretionary /

Amazon.com, Inc. (AMZN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/02/2024 28.73% Evercore ISI Group $195 → $220 Maintains Outperform 02/02/2024 14.1% Truist Securities $180 → $195 Maintains Buy 02/02/2024 15.86% UBS $180 → $198 Maintains Buy 02/02/2024 22.88% Oppenheimer $200 → $210 Maintains Outperform 02/02/2024 19.95% Roth MKM $180 → $205 Maintains Buy 02/02/2024 31.66% JMP Securities $175 → $225 Maintains Market Outperform 02/02/2024 25.8% RBC Capital $180 → $215 Maintains Outperform 02/02/2024 17.03% Raymond James $185 → $200 Maintains Strong Buy 02/02/2024 28.73% Wedbush $210 → $220 Maintains Outperform 02/02/2024 28.73% Susquehanna $185 → $220 Maintains Positive 02/02/2024 28.73% Barclays $190 → $220 Maintains Overweight 02/02/2024 31.66% JP Morgan $190 → $225 Maintains Overweight 02/02/2024 19.95% Needham $175 → $205 Maintains Buy 02/02/2024 17.03% Telsey Advisory Group $185 → $200 Maintains Outperform 01/24/2024 8.25% Telsey Advisory Group $165 →

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McDonald’s Earnings Are Monday. Inflation’s Impact Will Be in Focus. — Barrons.com

/ / Consumer Discretionary /

By Evie Liu When McDonald’s reports earnings Monday morning, investors will examine whether inflation continues to weigh on the frequency of customer visits and how much they spend at the fast-food chain. For the three months ended in December, analysts polled by FactSet expect McDonald’s to post $6.4 billion in revenue, up 8.8% from the year-ago period. Much of that growth would likely come from international markets as the company opens up more locations. Same-store sales are expected to increase 4.7% in the fourth quarter from a year ago, a more moderate pace compared with previous quarters as inflation eased toward the end of 2023. Analysts expect net income to come in at $2 billion for the period, which translates to earnings of $2.83 per share. That would be 8.3% higher than a year ago. There will likely be more growth going forward. In December, McDonald’s announced ambitious plans to

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Amazon Impresses In Q4: ‘Another Impressive Beat’ Signals Market Dominance

/ / Consumer Discretionary /

Shares of Amazon.com Inc (NASDAQ:AMZN) have been in focus, with tech giants reporting results this week. Amazon’s results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Needham On Amazon Analyst Laura Martin maintained a Buy rating, while raising the price target from $175 to $205. Amazon reported strong fourth-quarter results, with 14% year-on-year sales growth and 51% EBITDA growth, Martin said in a note. Operating margins expanded in the quarter, with improvement in North America, she added. GenAI was a focus during the earnings call, the analyst stated, adding that Amazon is building several GenAI apps across its businesses. Telsey Advisory Group On Amazon Analyst Joseph Feldman reiterated an Outperform rating, while lifting the price target from $185 to $200. Amazon ended a strong year with robust fourth-quarter results, and provided better-than-anticipated guidance for the first quarter, Feldman said. “The growth in sales and profits

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Amazon.com Sees ‘Inflecting’ Core Businesses Amid Efficiency Benefits, Accelerating AWS Segment, Morgan Stanley Says

/ / Consumer Discretionary /

Amazon.com’s (AMZN) core businesses are “inflecting” as the company sees benefits from logistics efficiencies, regionalization, inventory management, and acceleration of its Amazon Web Services, Morgan Stanley said in a Friday note. “[Amazon’s] results and guide speak to how improving execution, cost discipline, and an AWS recovery are leading to outsized EBIT and free cash flow revisions,” the investment firm said. Amazon reported Q4 diluted earnings late Thursday of $1 per share, up from $0.03 a year earlier, as net sales increased to $169.96 billion from $149.20 billion. Morgan Stanley said Amazon’s global cost to serve declined in 2023 for the first time since 2018 and the company could see further reductions from a bigger fleet, inventory optimization, and inbound shipping improvements. The firm also expressed optimism over AWS’ accelerating revenue and growing generative artificial intelligence offerings to continue through 2024. Morgan Stanley said Amazon is poised for an “efficiency-based cash

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Costco Wholesale Corporation (COST) Stock Analyst Ratings

/ / Consumer Discretionary /

Costco Wholesale Corporation (COST) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/02/2024 7.35% Oppenheimer $695 → $760 Maintains Outperform 01/05/2024 -1.83% Oppenheimer $675 → $695 Maintains Outperform 12/29/2023 5.23% Tigress Financial $635 → $745 Maintains Buy 12/21/2023 4.67% Truist Securities $693 → $741 Maintains Buy 12/20/2023 -12.42% Northcoast Research → $620 Downgrades Buy → Neutral 12/15/2023 -1.12% BMO Capital $612 → $700 Maintains Outperform 12/15/2023 -15.25% DA Davidson $570 → $600 Maintains Neutral 12/15/2023 -4.65% Stifel $615 → $675 Maintains Buy 12/15/2023 -11.01% Citigroup $585 → $630 Maintains Neutral 12/15/2023 2.41% UBS $640 → $725 Maintains Buy 12/15/2023 -4.65% Oppenheimer → $675 Reiterates Outperform → Outperform 12/15/2023 -5.36% Raymond James $580 → $670 Maintains Outperform 12/15/2023 -2.11% Truist Securities $619 → $693 Maintains Buy 12/15/2023 -1.12% Telsey Advisory Group $625 → $700 Maintains Outperform 12/13/2023 -4.65% Oppenheimer $630 → $675 Maintains

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Estee Lauder 2Q Sales Set to Drop, Eyes Set on Path to Recovery in China, U.S. — Earnings Preview

/ / Consumer Discretionary /

By Sabela Ojea Estee Lauder is scheduled to report earnings for its fiscal second quarter before the market opens on Monday. Here’s what you need to know: –PROFIT: Estee Lauder is expected to post a profit of $182 million, or 51 cents a share, according to FactSet. This compares with a reported profit of $394 million, or $1.09 a share, for the same period a year earlier. –ADJUSTED PROFIT: Stripping out one-time items, the cosmetics giant’s earnings are forecast to be 54 cents, according to FactSet. –SALES: The company’s sales are expected to drop to $4.19 billion, according to FactSet. This compares with reported sales of $4.62 billion for the prior year. The stock has jumped 20% in the past three months, but it has plunged over 50% over the past 12 months. WHAT TO WATCH: –Any potential progress made in China will be key to Estee Lauder’s prospects after

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McDonald’s Earnings Preview

/ / Consumer Discretionary /

McDonald’s (NYSE:MCD) is set to give its latest quarterly earnings report on Monday, 2024-02-05. Here’s what investors need to know before the announcement. Analysts estimate that McDonald’s will report an earnings per share (EPS) of $2.82. McDonald’s bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

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Chipotle Mexican Grill, Inc. (NYSE: CMG) Stock Analyst Ratings

/ / Consumer Discretionary /

Chipotle Mexican Grill, Inc. (NYSE: CMG) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/02/2024 3.07% Stifel $2450 → $2560 Maintains Buy 01/25/2024 2.66% Raymond James $2450 → $2550 Maintains Outperform 01/24/2024 8.66% Citigroup $2292 → $2699 Maintains Buy 01/22/2024 6.69% Baird → $2650 Reiterates Outperform → Outperform 01/16/2024 -10.38% Piper Sandler $1930 → $2226 Maintains Neutral 01/05/2024 1.66% Oppenheimer $2225 → $2525 Maintains Outperform 01/04/2024 -1.36% Stifel $2100 → $2450 Maintains Buy 01/03/2024 -9.58% Barclays $1885 → $2246 Maintains Equal-Weight 01/02/2024 12.73% Stephens & Co. $2330 → $2800 Maintains Overweight 12/21/2023 -3.38% Wedbush → $2400 Downgrades Outperform → Neutral 12/07/2023 -1.36% Raymond James $2100 → $2450 Maintains Outperform 12/01/2023 -2.37% RBC Capital $2185 → $2425 Maintains Outperform 10/27/2023 -11.43% TD Cowen → $2200 Reiterates Outperform → Outperform 10/27/2023 -16.66% Morgan Stanley $2010 → $2070 Maintains Equal-Weight 10/27/2023 -6.19% Stephens & Co.

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Estee Lauder Need To Modernize Brand Strategy As Beauty Market Evolves

/ / Consumer Discretionary /

Estee Lauder’s ability reclaim its historical level of steady growth is being questioned by RBC Capital Markets in a research note. The analysts say to get there the cosmetics giant needs to modernize its brands and portfolio strategy and may need another restructuring. The believe guidance seems appropriate for the current situation, but they say stock is likely pricing in a faster recovery to top-line than current thinking allows. Furthermore, the narrative on the stock has been focused around its travel retail recovery, but investors should also focus on how the company’s brands adapt to the evolving beauty market. Shares are off 0.2% to $134.54.

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