On August 19, Estee Lauder rose 6.67% in pre-market trading, trading at approximately $89.02/share, with turnover of $423,800. The company is scheduled to release its fiscal fourth-quarter earnings before the market opens today, with consensus EPS expectations at $0.31.

The pre-market rally comes as the company's first three quarters of the fiscal year demonstrated a clear recovery trajectory, with net income attributable to shareholders surging 150.77% year-over-year to $298 million and revenue climbing 4.64% to $11.422 billion. RBC Capital Markets noted in a recent report that Estee Lauder is continuing its recovery amid a volatile macro environment, citing improving key brand performance and resilient luxury consumer demand.

Offsetting the optimism somewhat, the company issued a warning that cumulative restructuring charges are expected to slightly exceed the upper end of the previously guided $1.5-1.7 billion range. Additionally, Jefferies recently raised its price target to $88 maintaining Hold, while JPMorgan set a $94 target with Overweight rating, and Citi maintains a $110 target with Buy.

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