Jim Cramer -- Buy Some Estee Lauder Now, More After Earnings

Jim Cramer believes the well-run Estee Lauder will report good earnings. Buy some now and then after earnings if the stock dips.

Author:: Bret Kenwell
Publish date:: May 2, 2016 12:10 PM EDT

"I think Estee Lauder (EL) - Get Report is a terrific company," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said Monday. The beauty products company reports earnings Tuesday.

Cramer said this company is "really well run" and management understands the trends in makeup. Estee Lauder sells to such outfits as Ulta Salon (ULTA) - Get Report and Sephora.

So while he expects great earnings, investors looking to buy the stock should be warned shares are up 10% this year, currently just under the 52-week high of $97.46. Cramer wouldn't be surprised to see people selling EL after earnings, even great earnings.

Still, if you really like this stock as Cramer does, he said to buy some now and then again after the earnings if shares take a dip. Analysts are expecting the company to earn 61 cents per share on revenue of $2.66.