COTY Stock Recent News

Coty Inc. (COTY) Q2 2024 Earnings Call Transcript

The headline numbers for Coty (COTY) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Coty (COTY) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.22 per share a year ago.

COTY's collaboration with Marni, which will be launched in fiscal 2026, aims to bolster its luxury segment with innovative beauty products, reflecting its strategy for growth and market expansion.

Coty (COTY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

COTY's second-quarter performance is likely to reflect gains across the Prestige and Consumer Beauty businesses. However, the rising cost of sales is a concern.

Coty (COTY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, COTY broke through the 20-day moving average, which suggests a short-term bullish trend.

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

In the most recent trading session, Coty (COTY) closed at $12.24, indicating a +1.32% shift from the previous trading day.

Coty (COTY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.