Coty Earnings: What Investors Need to Know

Coty Inc (NYSE:COTY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Coty Inc Earnings Cheat Sheet

Results:

Revenue: Rose 3.46% to $1.06 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Coty Inc reported adjusted EPS income of $0.03 per share. By that measure, the company beat the mean analyst estimate of $0.01. It beat the average revenue estimate of $1.05 billion.

Quoting Management: Commenting on the Company’s performance, Michele Scannavini, CEO of Coty Inc., said,
“Coty delivered another year of positive financial performance. Our increase in net revenues was driven by growth in our Fragrances and Color Cosmetics segments as well as positive developments across all regions, particularly the emerging markets. Operating and net income grew faster than revenues, contributing to margin expansion and demonstrating our ongoing focus on operational efficiency. We continue to show strong ability to convert earnings into cash, enabling us to keep investing to support our growth. We remain committed to our long term strategy to grow revenues in line or faster than the markets and segments where we compete, and to grow earnings faster than sales, driving continuous margin expansion.”

Key Stats (on next page)…

Revenue increased 6.12% from $997.7 million in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0 to a profit $0.32. For the current year, the average estimate has moved up from a loss of $0 to a profit of $0.8 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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