Coty (COTY) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -175%. A quarter ago, it was expected that this beauty products company would post earnings of $0.06 per share when it actually produced earnings of $0.05, delivering a surprise of -16.67%. Over the last four quarters, the company has sur ...

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Coty Reports Double-Digit Growth in FY24, Outpacing Beauty Market Strong Revenue Growth Across Prestige and Consumer Beauty in FY24 Solid Gross Margin Expansion Supported by Multi-Lever Strategy FY25 Guidance In-line with Medium-Term Targets, Including Expected Sequential Growth Improvement in Q1 and 1H25 NEW YORK - August 20, 2024-- Coty Inc. (NYSE: COTY) (Paris: COTY) ("Coty" or "the Company") today announced its results for the full fiscal year 2024 and the fourth quarter, ended June 30, 2024. The Compan ...

Coty Inc. (COTY) is likely to register top- and bottom-line growth when it reports fourth-quarter fiscal 2024 earnings on Aug 20. The Zacks Consensus Estimate for revenues is pegged at $1.4 billion, suggesting an increase of 1.8% from the prior-year quarter's reported figure. The consensus mark for COTY's fiscal 2024 revenues is pegged at $6.1 billion, indicating a 10.4% increase from the year-ago period's reported figure. Although the Zacks Consensus Estimate for quarterly earnings has moved down by a penn ...

Wall Street analysts expect Coty (COTY) to post quarterly earnings of $0.04 per share in its upcoming report, which indicates a year-over-year increase of 300%. Revenues are expected to be $1.38 billion, up 1.8% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior to a company's earnings release, it is of utmost im ...

Washington, DC, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The United States Mint (Mint) is pleased to announce the selection of its 2023 American Liberty High Relief 24 Karat Gold Coin as the Coin of the Year winner in Krause Publication's annual award program. The announcement was made during the American Numismatic Association's World's Fair of Money in Chicago. "I couldn't be more thrilled to receive this prestigious award on behalf of the Mint," said the Honorable Ventris C. Gibson, Director of the United State ...

Coty (COTY) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 20. On the ...

Source: T. Schneider / Shutterstock.com For the last two years, investors in consumer staples stocks saw every tiny step forward smacked down by two large steps back. Therefore, the 900+-point gain in the Dow Jones Industrial Average (DJIA) the week of July 15 was noteworthy. It suggested that the long-awaited "sector rotation" was finally underway. Kenvue (KVUE) That would affect a stock like Kenvue (NYSE:KVUE). The Johnson & Johnson (NYSE:JNJ) spinoff is the home of iconic consumer brands such as Band-Aid ...

Klaus Vedfelt/DigitalVision via Getty Images Synopsis Coty Inc. (NYSE:COTY) is one of the largest beauty companies in the world and owns a portfolio of renowned brands. COTY's historical financials have demonstrated strong top-line growth. Additionally, its profitability margins over the same period expanded annually as well. For its most recent quarter, it continues to report net revenue growth driven by growth in both of its reportable segments. Currently, both prestige and mass beauty channels have been ...

This then leads these celebrity beauty brand stocks to dip in value, causing severe losses for investors who bought into the initial hype. Moreover, these brands tend to lack the longevity necessary to offer long-term returns. Rather, these companies are often purchased by larger conglomerates after their value fades and treated as another portfolio asset. This is due to the fact that most celebrity beauty products are only worth the name of their endorsement. Their chemistry and products often tend to be s ...