Coty Inc. (NYSE:COTY) is reporting first quarter earnings results on Friday 6th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.05 per share.
For the full year, analysts predict revenues of $ 4641.61 million, while looking forward to loss of $ 0.01 per share.
Previous Quarter Performance
Coty Inc. came out with loss for the fourth quarter of $ 1.01 per share, from the revenue of $ 560.40 million, On adjusted basis, COTY reported loss for the quarter of $ 0.51 per share. The quarterly revenues dropped 62.79 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.12 per share from $ 1341.31 million in revenue. The bottom line results missed street analysts by $ 0.39 or 325 percent, at the same time, top line results fell short of analysts by $ 780.91 million or 58.22 percent.
Stock Performance
Shares of Coty Inc. traded up $ 0.32 or 10.60 percent on Thursday, reaching $ 3.34 with volume of 10.94 million shares. Coty Inc. has traded high as $ 3.41 and has cracked $ 3.05 on the downward trend
According to the previous trading day, closing price of $ 3.34, representing a 13.96 % increase from the 52 week low of $ 2.65 and a 77.02 % decrease over the 52 week high of $ 13.14.
The company has a market capital of $ 2.56 billion and is part of the Consumer Defensive sector and Household & Personal Products industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 4.00 target price.
- On 7th October 2020, upgraded by Jefferies Financial Group to Buy from Hold rating.
- On 25th September 2020, upgraded by Citigroup to Neutral from Sell rating.
Coty Inc., together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. The company operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and e-retailers and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co.
