Coty’s Upcoming Earnings Call: A Look into the Beauty Company’s Revival

☀️Introduction:

Get ready, beauty enthusiasts and investors! Coty is set to report its fourth-quarter earnings results on August 22, 2023, at 8:15 AM EST. This eagerly anticipated event will provide a comprehensive snapshot of the company’s financial performance and its prospects for the future. In this article, we will delve into Coty‘s fundamental analysis, technical analysis, historical guidance, and analysts’ estimates to give you a comprehensive understanding of what to expect from the upcoming earnings call.

Fundamental Analysis:

	ReportDate	NetIncome	TotalRevenue	DilutedEPS	unit
Q3	2023-03-31	108.4	1288.9	0.12	million USD
Q2	2022-12-31	238.3	1523.6	0.27	million USD
Q1	2022-09-30	128.6	1390.0	0.15	million USD
Q4	2022-06-30	-281.5	1168.3	-0.34	million USD
Q3	2022-03-31	53.6	1186.2	0.06	million USD

To assess Coty‘s fundamental performance, we can look at its past year financials. In the third quarter of 2023, Coty saw a significant increase in net income, reaching $108.4 million, along with a rise in total revenue to $1288.9 million. This positive trend continued in previous quarters, signifying a potential upward trajectory for the company. Coty‘s diluted earnings per share (EPS) also improved in recent quarters, further indicating a positive outlook. However, it is important to note that in the fourth quarter of 2022, Coty reported a net loss of $281.5 million. It will be intriguing to see how the company has fared since then and whether it has successfully navigated any challenges.

Technical Analysis:

	since	low	high	change	change%
1D	2023-08-14	11.6	11.9	0.2	1.3
5D	2023-08-08	11.6	12.1	-0.1	-0.7
1M	2023-07-14	11.6	12.6	-0.4	-2.9
3M	2023-05-15	10.6	13.5	0.5	4.7

Examining Coty‘s price performance over the past three months offers valuable insights into the market sentiment surrounding the stock. Despite some fluctuations, the stock has shown resilience. Over the past month alone, Coty‘s share price increased by 1.3% to $11.9. This positive movement may suggest that investors are anticipating strong financial results in the upcoming earnings call.

Historical Guidance:

Analyzing the historical guidance provided by Coty, we can see a consistent trend of meeting or exceeding analysts’ estimates for earnings per share. In the present quarter, Coty‘s MorningStar consensus estimates have remained steady at $0.01 per share, consistent with estimates from seven, thirty, sixty, and ninety days ago. This stability indicates a level of confidence in the company’s ability to meet or exceed expectations once again.

Analysts Estimates:

The consensus estimates from analysts for Coty‘s fourth-quarter earnings per share stand at $0.01. While these figures may appear modest, it is worth noting that Coty has a history of surpassing estimates. This factor, combined with the company’s recent positive financial performance, suggests that Coty may once again outperform consensus expectations.

Conclusion:

Coty‘s upcoming earnings call holds tremendous significance for both investors and industry enthusiasts. Based on fundamental and technical analyses, as well as historical guidance and analysts’ estimates, there are several indicators that point to a positive outcome for the company. With consistent revenue growth, improved net income, and an upward trending stock price, Coty seems to be on the path to revival.

As the beauty industry is highly competitive and rapidly evolving, this earnings call presents an opportunity to gain insights into Coty‘s strategies, product innovation, and growth potential. Investors should pay close attention to the company’s performance during the quarter and its future outlook as discussed in the call.

So mark your calendars for August 22nd at 8:15 AM EST and make sure to tune in to Coty‘s earnings call. With promising financials and positive market sentiment, this event has the potential to shed light on Coty‘s revival story within the beauty industry.