Coty Q3 2024 Adj EPS $0.05 Misses $0.06 Estimate, Sales $1.386B Beat $1.371B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coty Inc. reported its Q3 2024 earnings with an adjusted EPS of $0.05, missing the consensus estimate of $0.06 by 16.67%. However, its sales of $1.386B exceeded the estimate of $1.371B by 1.08%, marking a 7.49% increase from the previous year.
May 06, 2024 | 8:35 pm
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NEUTRAL IMPACT
Coty Inc. missed EPS estimates but exceeded revenue forecasts in Q3 2024, showing a mixed financial performance.
Missing the EPS estimate could negatively impact investor sentiment, but the beat on revenue forecasts and year-over-year sales growth may counterbalance this effect. The mixed results present a neutral short-term outlook for Coty's stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100