Coty Sees FY24 Adj EPS Of $0.44 - $0.47 Vs. $0.48 Est.
Portfolio Pulse from Benzinga Newsdesk
Coty Inc. has projected its adjusted earnings per share (EPS) for fiscal year 2024 to be between $0.44 and $0.47, which is lower than the estimated $0.48.
August 22, 2023 | 10:35 am
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Coty's projected EPS for FY24 is lower than the estimated $0.48, which could negatively impact the company's stock price.
Earnings per share (EPS) is a key indicator of a company's profitability. A lower than expected EPS often leads to a decrease in the company's stock price as it indicates lower profitability than anticipated. Therefore, Coty's lower than expected EPS for FY24 could negatively impact its stock price.
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