The Estée Lauder Companies Inc.
Shortcut
0.52Normalized diluted EPS
+1.1% vs Street
Street
0.51Normalized diluted EPS
November 1 consensus snapshot
Real
0.72Reported normalized EPS
Model download
Explore the assumptions and calculations behind the forecast. This is the agent’s original workbook. Its review didn’t finish, so it hasn’t been checked or repaired.
Shortcut’s reasoning.
Anchor: frozen consensus $0.51 (22 est.) / revenue $3,652.7m at 2026-11-01; no quarterly guidance (annual only since Aug-2025); FY27 guide adj. EPS $3.10-3.35, organic +3-5% with H1 > H2, adj. op. margin 12.7-13.5%.
Revenue $3,640m: category build with organic +4.6% (Skin Care +5%, Fragrance +8%, Makeup +2%) and ~0% FX (CNY +6% offset by EUR/JPY/EM weakness); peers L'Oreal Q3 LFL +7.7% (Luxe +5.8%), Puig +5.6%, China cosmetics retail +5% Aug-Sep 2026, Hainan Jul-Aug +4.1%.
Adj. operating margin 9.9% (+257bps y/y) from segment margins plus $10m probability-weighted IEEPA tariff refunds; adj. gross margin 74.0% ex-refunds (UBS 74.3%, VA ~74.0%); implied SG&A 64.4% of sales (-158bps) as PRGP savings ($1.2bn gross) ramp.
Below the line: interest $82m exp./$22m inc., adj. ETR 36% (FY27 guide 33-34% plus seasonal 1Q stock-comp shortfall; 1Q26 was 40.5%), 366.5m diluted shares -> adj. EPS $0.5155; GAAP EPS $0.381 after ~$60m restructuring charges.
P(beat) 0.70: playbook start 0.80 (S&P 500/large cohort 0.78, 5 strict beats in 6 quarters) trimmed because the model sits only ~$0.006 above $0.51 (a beat needs >= $0.52), UBS is at $0.49 and RBC in line; the record of conservative guidance (FY26 initial $1.90-2.10 vs $2.51 actual) keeps the skew positive.
On the record.
- Reporting period
- FQ1 2027 (quarter ended 2026-09-30)
- Reporting basis
- Adjusted (non-GAAP) diluted EPS, USD per diluted Class A/B common share (issuer "Adjusted" = normalized EPS)
- Consensus snapshot
- November 1, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Original workbook · review incomplete
Record history
- Forecast generated
- Nov 1, 2026 at 9:15 PM PST
- First posted
- Nov 2, 2026 at 3:21 PM PST
- Result checked
- Nov 2, 2026 at 5:14 PM PST