Erste Group Bank Reduces Earnings Estimates for Unilever

Key Points

• Erste Group Bank slightly lowered Unilever’s FY2027 EPS forecast to $4.00 from $4.01, still above the analyst consensus estimate of $3.53.
• Analyst sentiment remains mixed, with Unilever holding a consensus “Hold” rating and a $65.55 price target.
• Unilever’s latest quarterly results fell short of expectations, reporting $0.59 EPS versus the $1.84 consensus and revenue of $14.62 billion versus $14.80 billion expected.

Unilever PLC (NYSE:UL - Free Report) - Erste Group Bank lowered their FY2027 earnings per share (EPS) estimates for shares of Unilever in a research report issued on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings per share of $4.00 for the year, down from their previous forecast of $4.01. The consensus estimate for Unilever's current full-year earnings is $3.53 per share.

Other equities research analysts have also issued reports about the stock. Zacks Research upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. Jefferies Financial Group restated an "underperform" rating on shares of Unilever in a report on Monday, July 6th. Weiss Ratings upgraded shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Unilever in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $65.55.

Unilever Stock Performance

Shares of UL stock opened at $62.01 on Monday. Unilever has a fifty-two week low of $54.75 and a fifty-two week high of $74.97. The business has a fifty day simple moving average of $63.05 and a 200-day simple moving average of $61.09.

Unilever (NYSE:UL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($1.25). The company had revenue of $14.62 billion during the quarter, compared to analysts' expectations of $14.80 billion.

Hedge Funds Weigh In On Unilever

Several institutional investors have recently added to or reduced their stakes in UL. Elyxium Wealth LLC acquired a new stake in Unilever in the 4th quarter worth about $25,000. Financial Life Planners acquired a new position in shares of Unilever during the 1st quarter valued at about $25,000. Palisade Asset Management LLC acquired a new position in shares of Unilever during the 3rd quarter valued at about $25,000. Bard Associates Inc. purchased a new position in shares of Unilever during the 4th quarter worth about $27,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Unilever during the 1st quarter worth about $29,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

About Unilever

Unilever PLC is a global consumer goods company that develops, markets and sells products across beauty and wellbeing, personal care, home care and foods. Its portfolio includes well-known brands such as Dove, Vaseline, Axe, TRESemmé, Sunsilk, Hellmann's, Knorr, Cif, Domestos and OMO or Persil, depending on the market.

The company serves consumers in markets around the world, with products distributed through retail stores, e-commerce platforms and other channels. Its offerings include skin and hair care, deodorants, oral care, household cleaning products, dressings, condiments, soups and cooking products.

Unilever was created in 1929 through the combination of Margarine Unie, a Dutch margarine producer, and Lever Brothers, a British soap maker.

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