Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

Estee Lauder Companies Cl A / Equity Bottom-Up

<ul><li>EL reported a 4QFY26 upside surprise and the stock traded up more than 15%. </li><li>Sales were +6.8% to $3,640M, with organic sales +5.3%; FactSet consensus was $3,545M.</li><li>This was the fourth consecutive quarter of positive organic sales growth; sales growth was helped by the placement of Amazon’s (AMZN) Prime Day in June this year versus July last year. </li></ul>

EL reported a 4QFY26 upside surprise and the stock traded up more than 15%. Sales were +6.8% to $3,640M, with organic sales +5.3%; FactSet consensus was $3,545M.This was the fourth consecutive quarter of positive organic sales growth; sales growth was helped by the placement of Amazon’s (AMZN) Prime Day in June this year versus July last year. 

EL: Turnaround Progressing; Raising Our Annual EPS Estimates