Coty: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Coty (NYSE:COTY) reported its Q1 earnings, missing estimated earnings by 47.06% with an EPS of $0.09 versus an estimate of $0.17. However, revenue was up $251.40 million from the same period last year. Last quarter, the company also missed on EPS by $0.01, which was followed by a 4.94% increase in the share price the next day.
November 07, 2023 | 9:55 pm
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NEUTRAL IMPACT
Coty's Q1 earnings missed estimates significantly, which could negatively impact investor sentiment. However, the increase in revenue and the historical trend of share price increase following an earnings miss could offset this.
Coty's significant earnings miss could lead to a negative short-term reaction from investors. However, the company's revenue increase and the historical trend of the share price increasing following an earnings miss could offset this negative impact. Therefore, the overall short-term impact on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100