Coty Q4 Adj EPS $0.01 Misses $0.02 Estimate, Sales $1.35B Beat $1.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coty reported Q4 adjusted earnings of $0.01 per share, missing the analyst consensus estimate of $0.02 by 50%. However, the company's quarterly sales of $1.35 billion beat the estimate of $1.31 billion by 3.13%. This represents a 200% increase in earnings and a 15.67% increase in sales compared to the same period last year.
August 22, 2023 | 10:32 am
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NEUTRAL IMPACT
Coty's Q4 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertainty in the market.
Coty's earnings miss could negatively impact the stock price, but the sales beat might offset this. The net effect is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100