Beauty products company Estée Lauder (NYSE:EL) will be announcing earnings results tomorrow before market hours. Here’s what to expect.

Estée Lauder beat analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $3.87 billion, up 7.3% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ earnings and EBITDA estimates.

Is Estée Lauder a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Estée Lauder’s revenue to decline 4.2% year on year to $3.37 billion, improving from the 10.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Estée Lauder has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Estée Lauder’s peers in the consumer staples segment, some have already reported their Q3 results, giving us a hint as to what we can expect. USANA’s revenues decreased 6.2% year on year, missing analysts’ expectations by 2.7%, and Coca-Cola reported flat revenue, topping estimates by 2.9%. USANA traded up 6% following the results while Coca-Cola was down 3.1%.

Read our full analysis of USANA’s results here and Coca-Cola’s results here.

Investors in the consumer staples segment have had steady hands going into earnings, with share prices flat over the last month. Estée Lauder is down 8.7% during the same time and is heading into earnings with an average analyst price target of $106.34 (compared to the current share price of $88.81).

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