Coty, Inc. (COTY - Free Report) manufactures, markets and distributes beauty products. Investors should also note that COTY has been witnessing slight downward estimate revisions during the past 30 days. Further, COTY has a mixed history when it comes to recent earnings reports as the company posted negative surprises in three of the last four quarters with one positive surprise, with an average positive surprise of 11.77%.
Currently, COTY has a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank stocks here. The Zacks Rank could change following Coty’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: COTY beats earnings. Our consensus called for EPS of 11 cents, and the company posted adjusted EPS of 15 cents per share instead. Investors should note that these figures take out stock option expenses.
Revenue: COTY posted revenues of $2.032 billion, exceeding our consensus estimate of $1.961 billion.
Key Stats to Note: Coty’s sales declined 2% on a constant currency basis. The company expects the constant currency net revenue trends to weaken in the fourth quarter compared sequentially.
Stock Price: Shares were up 3.7% in pre-market trading.
Check back later for our full write up on this COTY earnings report later!
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Coty, Inc. (COTY - Free Report) manufactures, markets and distributes beauty products. Investors should also note that COTY has been witnessing slight downward estimate revisions during the past 30 days. Further, COTY has a mixed history when it comes to recent earnings reports as the company posted negative surprises in three of the last four quarters with one positive surprise, with an average positive surprise of 11.77%.
Currently, COTY has a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank stocks here. The Zacks Rank could change following Coty’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: COTY beats earnings. Our consensus called for EPS of 11 cents, and the company posted adjusted EPS of 15 cents per share instead. Investors should note that these figures take out stock option expenses.
Revenue: COTY posted revenues of $2.032 billion, exceeding our consensus estimate of $1.961 billion.
Key Stats to Note: Coty’s sales declined 2% on a constant currency basis. The company expects the constant currency net revenue trends to weaken in the fourth quarter compared sequentially.
Stock Price: Shares were up 3.7% in pre-market trading.
Check back later for our full write up on this COTY earnings report later!
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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