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Coty Inc. (COTY) Lags Q4 Earnings, Sales Beat Estimates
August 22, 2017

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Coty Inc. (COTY - Free Report) manufactures, markets and distributes beauty products. We note that sluggishness in the consumer beauty segment, increasing competitive pressure, and changing consumer preferences have been the major deterrents for the company. Nevertheless, the company has a strong portfolio of brands and it keeps innovating products as per changing customer needs. The acquisition efforts also boost sales of the company, which is encouraging.

Earnings Estimates Revision: The Zacks Consensus Estimate for fiscal 2018 has decreased by 1.0% in the last thirty days. However, in the trailing four quarters, excluding quarter under review, the company outpaced the Zacks Consensus Estimate by an average of nearly 26.5%, despite posting negative surprise in two quarters.

Zacks Rank: Currently, COTY has a Zacks Rank #3 (Hold). You can see the 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 lags earnings. Our consensus called for EPS of 9 cents, and the company posted break-even adjusted earnings instead. Investors should note that these figures take out stock option expenses.

Revenue: COTY posted revenues of $2.241 billion, beating our consensus estimate of $2.173 billion.

Key Stats to Note: Coty’s sales in the fourth quarter increased 5% for the combined company at constant currency compared to the prior year.

Stock Price: Shares were down around 10% in pre-market trading.

Check back later for our full write up on this COTY earnings report later!

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