Among the weakest in the CAC 40, EssilorLuxottica stock declines nearly 1.5% ahead of Q3 results
EssilorLuxottica is retreating in mid-afternoon trading, while the CAC 40 remains slightly positive. The stock ranks among the poorest performers in the index and remains significantly below its levels from a year ago. Third-quarter results are approaching.
A decline that relegates the stock to the bottom of the CAC 40 and extends quarterly losses
The EssilorLuxottica stock is down 1.36% to €144.75, while the CAC 40 is up 0.12%. The stock has lost 15.55% over three months and 47.06% over one year, figures that place this session within a clearly downward trend. The price is in contact with its 20-day moving average (€144.71) and remains below its 50-day moving average at €154.18, a gap of 6.12%.
The support level at €139 is only approximately 4% away from the current price, a level close to the lowest point since 2022 reached at the end of September at €138.85. The recent days have been turbulent, with a rebound on October 9 despite a downwardly revised price target by BofA, followed by a new decline.
Third-quarter results expected on October 20, following a growth-driven first half
The group will publish its third-quarter 2026 revenue on October 20. When first-half results were published on July 28, 2026, it reported adjusted operating income up 15% at constant exchange rates and free cash flow of €1.07 billion. Among the risks mentioned on that occasion were currency effects on margins, at 18.6% reported versus 18.9% at constant exchange rates.
Share buybacks additionally represent €1.2 billion over twelve months, or 1.8% of market capitalization. The October 20 publication will be the next test for a stock that has accumulated a 47% decline over one year.
