Coty Inc reports results for the quarter ended March 31 - Earnings Summary

• Coty Inc COTY.N reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 4 cents to 7 cents per share.

• Revenue fell 6.2% to $1.30 billion from a year ago; analysts expected $1.31 billion.

• Coty Inc's reported EPS for the quarter was a loss of 47 cents​.

• The company reported a quarterly loss of $405.7 million.

• Coty Inc shares had fallen by 5.7% this quarter and lost 25.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 34% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 7 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the personal products peer group is also "buy"

• Wall Street's median 12-month price target for Coty Inc is $8.00

This summary was machine generated from LSEG data May 6 at 09:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)