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Coty (COTY) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Coty (COTY - Free Report) reported $1.29 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 8.7%. EPS of $0.19 for the same period compares to $0.03 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.22 billion, representing a surprise of +5.42%. The company delivered an EPS surprise of +533.33%, with the consensus EPS estimate being $0.03.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Coty performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic revenues- Americas: $543.80 million versus $521.36 million estimated by three analysts on average.
Geographic Revenues - Asia Pacific: $157.50 million versus $169.26 million estimated by three analysts on average.
Geographic Revenues- EMEA: $587.60 million versus $505.91 million estimated by three analysts on average.
Revenues- Prestige: $799.70 million versus $739.48 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
Revenues- Consumer Beauty: $489.20 million versus $465.98 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +6.4% change.
Adjusted Operating Income (Loss)- Prestige: $140.70 million compared to the $116 million average estimate based on four analysts.
Gaap-Operating Income- Prestige: $102.40 million versus the three-analyst average estimate of $89.37 million.
Shares of Coty have returned +2.9% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Coty (COTY) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Coty (COTY - Free Report) reported $1.29 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 8.7%. EPS of $0.19 for the same period compares to $0.03 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.22 billion, representing a surprise of +5.42%. The company delivered an EPS surprise of +533.33%, with the consensus EPS estimate being $0.03.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Coty performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic revenues- Americas: $543.80 million versus $521.36 million estimated by three analysts on average.
- Geographic Revenues - Asia Pacific: $157.50 million versus $169.26 million estimated by three analysts on average.
- Geographic Revenues- EMEA: $587.60 million versus $505.91 million estimated by three analysts on average.
- Revenues- Prestige: $799.70 million versus $739.48 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
- Revenues- Consumer Beauty: $489.20 million versus $465.98 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +6.4% change.
- Adjusted Operating Income (Loss)- Prestige: $140.70 million compared to the $116 million average estimate based on four analysts.
- Gaap-Operating Income- Prestige: $102.40 million versus the three-analyst average estimate of $89.37 million.
View all Key Company Metrics for Coty here>>>Shares of Coty have returned +2.9% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.