Consumer Stocks to Buy: Estee Lauder Companies Inc (EL)
Estee Lauder Companies Inc (NYSE:EL) stock is surging up and over its 200-day moving average, returning to levels last seen in the September/October sideways crawl before it suffered a 13% decline in November and December.
EL shares were upgraded by the Telsey Advisory Group in February on the expectation of improving sequential sales growth through the year as management focuses on re-stocking its pipeline with growth brands as others in its portfolio slow.
The company will next report results on May 4 before the bell. Analysts are looking for earnings of 73 cents per share on revenues of $2.8 billion.
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