Coty FY 2024 Adj EPS $0.37 Misses $0.44 Estimate, Sales $6.12B Miss $6.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coty reported FY 2024 adjusted EPS of $0.37, missing the $0.44 estimate, and sales of $6.12B, slightly below the $6.13B estimate.
August 20, 2024 | 8:32 pm
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NEGATIVE IMPACT
Coty's FY 2024 earnings per share of $0.37 missed the analyst estimate of $0.44 by 15.91%, and sales of $6.12 billion slightly missed the $6.13 billion estimate.
Coty's earnings per share missed expectations by a significant margin of 15.91%, which is likely to negatively impact investor sentiment and put downward pressure on the stock price in the short term. The sales miss, although minor, adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100