Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Coty Inc. (COTY) Beats on Q1 Earnings & Revenues Estimates
Coty Inc. (COTY - Free Report) manufactures, markets and distributes beauty products reported first-quarter fiscal 2018 results, wherein adjusted earnings of 10 cents surpassed the Zacks Consensus Estimate of 7 cents but declined 57% year over year.
Earnings Estimates Revision: The Zacks Consensus Estimate for fiscal 2018 has been stable over the past 30 days. However, in the trailing four quarters, excluding quarter under review, the company’s earnings have missed the Zacks Consensus Estimate by an average of nearly 27.7%.
Revenue: COTY posted revenues of $2,238.3 million, beating consensus mark of $2,224 million. The company’s revenues increased more than 100% in the reported quarter primarily due to P&G Beauty Business acquisition.
Zacks Rank: Currently, COTY carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this COTY earnings report later!
Coty Inc. Price, Consensus and EPS Surprise
Coty Inc. Price, Consensus and EPS Surprise | Coty Inc. Quote
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>