Analyst Consensus ?
ConsensusHold45 ratings
Bullish1942.2%
Neutral2248.9%
Bearish48.9%
The Estée Lauder Companies Inc. · EL · FY2026 Q1 · Calendar Q4 2025
Estée Lauder reports organic growth and wider margins in Q1 FY2026
The quarter provides evidence supporting a measured recovery case: organic growth returned, margins improved and management maintained its full-year outlook. The case remains dependent on sustained demand in China and Europe, continued digital execution and control of tariff, tax and Travel Retail pressures.
Reported Before market openNYSEConsumer Defensive
$34.13B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.32
Consensus $0.18
EPS surprise
+82.1%
Reported versus consensus
Reported revenue
$3.48B
Consensus $3.38B
Revenue surprise
+2.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.3%
Event window
SPY move
-1.1%
Same window
Abnormal move
+1.4%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
-3.6%
Up to 20 sessions
ELSPY benchmark
Ask FN2 about EL FY2026 Q1
Transcript, numbers and history already loaded
Why did EL rise 0.3% after beating EPS estimates in FY2026 Q1?What changed in EL's guidance and outlook in FY2026 Q1?Give me the bull and bear case for EL after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Versus the prior analysis, the company moved from a low-single-digit growth outlook with transformation priorities to reported 3% organic growth, stronger margins and a maintained FY2026 outlook. China and emerging markets improved, while digital distribution and consumer-facing investment became more prominent.
Guidance delta
Maintained: FY2026 net sales growth of flat to 3% and operating margin of 9.4% to 9.9%.
Key takeaways
- Organic sales grew 3% year over year, led by fragrance and skin care.
- Gross margin reached 73.3% and operating margin 7.3%, with PRGP efficiencies and lower promotional spending cited.
- Management highlighted a China rebound and share gains across China, the U.S. and parts of Europe.
- Digital expansion through Amazon, TikTok Shop and Shopify remains a central growth initiative.
Management priorities
- Advance product launches across Tom Ford, Kilian Paris, Jo Malone and Aramis.
- Expand Amazon storefronts, TikTok Shop and other marketplace coverage.
- Invest in stores, brand campaigns and holiday activation.
- Continue PRGP cost-efficiency work and develop the France fragrance atelier.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$94.84Current
$60Low
$135.66Average
$360High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 30, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 21, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Aug 20, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 20, 2026 |
| Telsey Advisory Group | Market Perform | Market Perform | Maintain | Aug 20, 2026 |
| TD Cowen | Hold | Hold | Maintain | Aug 20, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 20, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 20, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 20, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 20, 2026 |
| Jefferies | Hold | Hold | Maintain | Aug 20, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Aug 20, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 20, 2026 |
| Canaccord Genuity | Hold | Hold | Maintain | Aug 20, 2026 |
| B. Riley Securities | Neutral | Neutral | Maintain | Aug 20, 2026 |
| Deutsche Bank | Buy | Buy | Maintain | Mar 30, 2026 |
| Raymond James | Strong Buy | Market Perform | Upgrade | Jan 5, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Dec 16, 2025 |
| Rothschild & Co | Sell | Neutral | Downgrade | Nov 25, 2025 |
| Argus Research | Buy | Hold | Upgrade | Nov 11, 2025 |
| HSBC | Buy | Hold | Upgrade | Jun 27, 2025 |
| Stifel | Hold | Hold | Maintain | Apr 10, 2025 |
| DA Davidson | Buy | Buy | Maintain | Feb 25, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | Nov 1, 2024 |
| Oppenheimer | Perform | Perform | Maintain | Apr 15, 2024 |
| Berenberg | Hold | Buy | Downgrade | Nov 3, 2023 |
| Redburn Atlantic | Neutral | Sell | Upgrade | Sep 15, 2023 |
| Bernstein | Market Perform | Outperform | Downgrade | Aug 24, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Feb 6, 2023 |
| Redburn Partners | Sell | Sell | Maintain | Dec 15, 2022 |
| Piper Jaffray | Neutral | Overweight | Downgrade | Oct 28, 2019 |
| Stifel Nicolaus | Buy | Buy | Maintain | Aug 20, 2019 |
| Bank of America | Buy | Buy | Maintain | Aug 20, 2019 |
| Macquarie | Outperform | Outperform | Maintain | May 2, 2019 |
| D.A. Davidson | Neutral | Buy | Downgrade | May 2, 2019 |
| BMO Capital | Market Perform | Market Perform | Maintain | May 2, 2019 |
| Atlantic Equities | Overweight | Overweight | Maintain | Sep 20, 2018 |
| B. Riley FBR | Neutral | Buy | Downgrade | May 5, 2018 |
| Argus | Hold | Buy | Downgrade | May 5, 2018 |
| KeyBanc | Overweight | Overweight | Maintain | Nov 2, 2017 |
| Societe Generale | Hold | Buy | Downgrade | May 5, 2017 |
| PiperJaffray | Overweight | Neutral | Upgrade | Mar 2, 2017 |
| CSLA | Underperform | Buy | Downgrade | Nov 3, 2016 |
| CLSA | Underperform | Buy | Downgrade | Nov 3, 2016 |
| B. Riley | Neutral | Neutral | Maintain | Nov 3, 2015 |
| FBR Capital | Outperform | Outperform | Maintain | Aug 21, 2015 |
Named analyst price targets
Upside is calculated against the persisted current price $94.84. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Berenberg Bank | Fulvio Cazzol | $92 | $104.1 | -3.0% | Aug 25, 2026 |
| Telsey Advisory | Analyst unavailable | $108 | $97.72 | +13.9% | Aug 20, 2026 |
| Deutsche Bank | Analyst unavailable | $117 | $97.48 | +23.4% | Aug 20, 2026 |
| Jefferies | Sydney Wagner | $100 | $97.1 | +5.4% | Aug 20, 2026 |
| RBC Capital | Analyst unavailable | $120 | $96.86 | +26.5% | Aug 20, 2026 |
| Piper Sandler | Analyst unavailable | $115 | $98.01 | +21.3% | Aug 20, 2026 |
| Bernstein | Cristian Rios | $106 | $98.01 | +11.8% | Aug 20, 2026 |
| Canaccord Genuity | Susan Anderson | $90 | $98.01 | -5.1% | Aug 20, 2026 |
| Morgan Stanley | Dara Mohsenian | $102 | $98.01 | +7.5% | Aug 20, 2026 |
| Barclays | Analyst unavailable | $97 | $98.01 | +2.3% | Aug 20, 2026 |
| Wells Fargo | Analyst unavailable | $104 | $98.01 | +9.7% | Aug 20, 2026 |
| Goldman Sachs | Analyst unavailable | $112 | $98.01 | +18.1% | Aug 19, 2026 |
| Seaport Global | Analyst unavailable | $95 | $87.03 | +0.2% | Aug 14, 2026 |
| Jefferies | Analyst unavailable | $88 | $83.2 | -7.2% | Jul 28, 2026 |
| Cowen & Co. | Analyst unavailable | $90 | $82.12 | -5.1% | Jul 21, 2026 |
| Barclays | Analyst unavailable | $80 | $83.64 | -15.7% | Jul 21, 2026 |
| UBS | Peter Grom | $86 | $82.75 | -9.3% | Jul 16, 2026 |
| Goldman Sachs | Bonnie Herzog | $100 | $84.81 | +5.4% | Jun 22, 2026 |
| Bernstein | Cristian Rios | $82 | $88.02 | -13.5% | Jun 11, 2026 |
| Piper Sandler | Analyst unavailable | $95 | $80.83 | +0.2% | May 15, 2026 |
| Barclays | Analyst unavailable | $75 | $81.33 | -20.9% | May 5, 2026 |
| UBS | Peter Grom | $85 | $81.7 | -10.4% | May 4, 2026 |
| Telsey Advisory | Dana Telsey | $90 | $82.25 | -5.1% | May 4, 2026 |
| Morgan Stanley | Dara Mohsenian | $90 | $81.96 | -5.1% | May 4, 2026 |
| Wells Fargo | Analyst unavailable | $85 | $79.3 | -10.4% | May 4, 2026 |
| Barclays | Lauren Lieberman | $72 | $74.86 | -24.1% | Apr 14, 2026 |
| RBC Capital | Nik Modi | $111 | $73.29 | +17.0% | Apr 9, 2026 |
| Wells Fargo | Analyst unavailable | $75 | $71.44 | -20.9% | Apr 8, 2026 |
| HSBC | Erwan Rambourg | $106 | $99.01 | +11.8% | Feb 10, 2026 |
| Wells Fargo | Analyst unavailable | $105 | $96.66 | +10.7% | Feb 6, 2026 |
| UBS | Analyst unavailable | $107 | $96.66 | +12.8% | Feb 6, 2026 |
| Barclays | Lauren Lieberman | $94 | $96.66 | -0.9% | Feb 6, 2026 |
| Deutsche Bank | Steve Powers | $128 | $115.4 | +35.0% | Jan 29, 2026 |
| Argus Research | Analyst unavailable | $140 | $117.69 | +47.6% | Jan 26, 2026 |
| Barclays | Analyst unavailable | $100 | $114.22 | +5.4% | Jan 16, 2026 |
| UBS | Analyst unavailable | $119 | $115.37 | +25.5% | Jan 14, 2026 |
| Jefferies | Analyst unavailable | $110 | $115.37 | +16.0% | Jan 14, 2026 |
| Wells Fargo | Analyst unavailable | $111 | $107.58 | +17.0% | Jan 5, 2026 |
| Raymond James | Strong Buy | $130 | $106.76 | +37.1% | Jan 5, 2026 |
| Evercore ISI | Robert Ottenstein | $125 | $102.46 | +31.8% | Dec 16, 2025 |
| Redburn Partners | Chris Pitcher | $70 | $93.39 | -26.2% | Nov 25, 2025 |
| Barclays | Analyst unavailable | $91 | $96.69 | -4.1% | Nov 3, 2025 |
| RBC Capital | Nik Modi | $113 | $97.33 | +19.1% | Oct 31, 2025 |
| UBS | Peter Grom | $105 | $96.63 | +10.7% | Oct 31, 2025 |
| Canaccord Genuity | Analyst unavailable | $100 | $102.16 | +5.4% | Oct 27, 2025 |
| Goldman Sachs | Analyst unavailable | $115 | $87.65 | +21.3% | Oct 13, 2025 |
| Canaccord Genuity | Susan Anderson | $85 | $91.2 | -10.4% | Aug 18, 2025 |
| Berenberg Bank | Analyst unavailable | $60 | $66.08 | -36.7% | Mar 25, 2025 |
| Telsey Advisory | Dana Telsey | $76 | $66.58 | -19.9% | Nov 1, 2024 |
| Stifel Nicolaus | Mark Astrachan | $125 | $87.15 | +31.8% | Oct 31, 2024 |
| Deutsche Bank | Steve Powers | $98 | $89.26 | +3.3% | Oct 22, 2024 |
| HSBC | Erwan Rambourg | $100 | $90.93 | +5.4% | Oct 16, 2024 |
| Evercore ISI | Robert Ottenstein | $130 | $85.13 | +37.1% | Sep 10, 2024 |
| D.A. Davidson | Linda Bolton Weiser | $130 | $92.53 | +37.1% | Sep 3, 2024 |
| Piper Sandler | Korinne Wolfmeyer | $114 | $93.99 | +20.2% | Aug 22, 2024 |
| Telsey Advisory | Dana Telsey | $105 | $92.85 | +10.7% | Aug 20, 2024 |
| UBS | Peter Grom | $104 | $92.85 | +9.7% | Aug 20, 2024 |
| Deutsche Bank | Steve Powers | $105 | $92.85 | +10.7% | Aug 20, 2024 |
| J.P. Morgan | Andrea Teixeira | $129 | $94.97 | +36.0% | Aug 19, 2024 |
| Bank of America Securities | Bryan Spillane | $100 | $95.14 | +5.4% | Aug 16, 2024 |
| RBC Capital | Nik Modi | $131 | $99.96 | +38.1% | Jul 24, 2024 |
| Barclays | Lauren Lieberman | $117 | $96.9 | +23.4% | Jul 19, 2024 |
| Barclays | Lauren Lieberman | $136 | $113.93 | +43.4% | Jun 14, 2024 |
| Morgan Stanley | Dara Mohsenian | $140 | $132.94 | +47.6% | May 3, 2024 |
| Raymond James | Olivia Tong | $155 | $132.51 | +63.4% | May 2, 2024 |
| Telsey Advisory | Dana Telsey | $142 | $127.37 | +49.7% | May 2, 2024 |
| Wells Fargo | Chris Carey | $175 | $138.21 | +84.5% | Apr 17, 2024 |
| D.A. Davidson | Linda Bolton Weiser | $191 | $138.8 | +101.4% | Apr 15, 2024 |
| Piper Sandler | Korinne Wolfmeyer | $158 | $145.43 | +66.6% | Apr 9, 2024 |
| RBC Capital | Nik Modi | $195 | $162.93 | +105.6% | Aug 16, 2023 |
| Telsey Advisory | Dana Telsey | $250 | $205.81 | +163.6% | May 8, 2023 |
| Canaccord Genuity | Susan Anderson | $228 | $222.91 | +140.4% | Nov 16, 2022 |
| Goldman Sachs | Jason English | $303 | $239.5 | +219.5% | Sep 20, 2022 |
| Morgan Stanley | Dara Mohsenian | $320 | $265.1 | +237.4% | Aug 22, 2022 |
| UBS | Peter Grom | $289 | $281.62 | +204.7% | Aug 19, 2022 |
| Telsey Advisory | Dana Telsey | $377 | $281.75 | +297.5% | Aug 18, 2022 |
| RBC Capital | Nik Modi | $322 | $249.12 | +239.5% | May 4, 2022 |
| Credit Suisse | Analyst unavailable | $320 | $246.14 | +237.4% | May 4, 2022 |
| Deutsche Bank | Analyst unavailable | $289 | $259.28 | +204.7% | Apr 27, 2022 |
| Piper Sandler | Analyst unavailable | $350 | $275.1 | +269.0% | Apr 19, 2022 |
| Barclays | Lauren Lieberman | $342 | $314.43 | +260.6% | Feb 7, 2022 |
| UBS | Peter Grom | $326 | $312.71 | +243.7% | Feb 4, 2022 |
| Bank of America Securities | Bryan Spillane | $330 | $312.71 | +247.9% | Feb 4, 2022 |
| Goldman Sachs | Jason English | $341 | $302.5 | +259.5% | Feb 3, 2022 |
| Jefferies | Stephanie Wissink | $360 | $302.5 | +279.6% | Feb 3, 2022 |
| Wells Fargo | Christopher Carey | $355 | $302.5 | +274.3% | Feb 3, 2022 |
| Piper Sandler | Korinne Wolfmeyer | $380 | $293.61 | +300.7% | Jan 25, 2022 |
| D.A. Davidson | Linda Bolton Weiser | $439 | $339.07 | +362.9% | Nov 3, 2021 |
| Raymond James | Olivia Tong | $390 | $337.32 | +311.2% | Nov 2, 2021 |
| Societe Generale | Victoria Nice | $335 | $324.8 | +253.2% | Jul 14, 2021 |
Track every rating change on EL the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationThe Estée Lauder Companies Inc. is a global entity dedicated to the development, marketing, and sale of a diverse range of premium beauty and personal care items worldwide. Its extensive product catalog encompasses numerous offerings across four primary categories. For skin care, it provides moisturizers, serums, cleansers, toners, body treatments, exfoliants, acne and oil control solutions, facial masks, specialized cleansing devices, and sun protection. In makeup, consumers can find lipsticks, glosses, mascaras, foundations, eyeshadows, nail polishes, powders, compacts, brushes, and various other cosmetic tools. The fragrance segment includes eau de parfum sprays, colognes, scented lotions, powders, creams, candles, and soaps.…
Historical context
All EL earningsConsumer Defensive peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| COST Costco Wholesale Corporation | FY2026 Q4 · Calendar Q3 2026 | +3.2% | +2.9% | Costco’s growth broadens as warehouses and digital sales accelerate |
| GIS General Mills, Inc. | FY2027 Q1 · Calendar Q3 2026 | +4.6% | +1.0% | General Mills leans on mix, innovation and e-commerce amid pressure |
| KR The Kroger Co. | FY2026 Q2 · Calendar Q3 2026 | +2.8% | +2.7% | Kroger: Strong digital growth offsets softer sales outlook |
| CPB Campbell Soup Company | FY2026 Q4 · Calendar Q3 2026 | +1.1% | -7.0% | Campbell’s leans on savings and innovation amid pressured demand |
| BF-A Brown-Forman Corporation | FY2027 Q1 · Calendar Q3 2026 | +3.0% | — | Brown-Forman holds FY27 outlook as RTD innovation offsets barrel pressure |
| BF-B Brown-Forman Corporation | FY2027 Q1 · Calendar Q3 2026 | 0.0% | — | Brown-Forman maintains FY27 outlook as innovation offsets pressure |
Latest beats and misses
Who reports nextBeat on EPS
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- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
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- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
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- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
Get the EL recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-09-30T13:56:03.484605+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-30T13:56:03.481761+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-30. For educational purposes only; not investment advice.