Investors are always looking for stocks that are poised to beat at earnings season and Coty Inc. (COTY) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Coty is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of s ...

NEW YORK--(BUSINESS WIRE)--Today, Coty (NYSE: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, and Marni, the Italian luxury fashion brand renowned for its artistic collections, announce a new licensing agreement to develop, produce, and distribute a line of fragrances and beauty products beyond 2040. This new agreement solidifies Coty’s commitment to strengthening its presence in the luxury fragrance segment thr ...

Coty Inc. (COTY) is likely to register top-line growth when it reports second-quarter fiscal 2024 earnings on Feb 7. The Zacks Consensus Estimate for revenues is pegged at $1.7 billion, suggesting growth of 9.6% from the prior-year quarter’s reported figure.However, the company’s bottom line is likely to decline year over year in the fiscal second quarter. Although the consensus mark for quarterly earnings has moved up by a penny in the past 30 days to 20 cents per share, the projection indicates a fall of ...

Coty (COTY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, COTY broke through the 20-day moving average, which suggests a short-term bullish trend.A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.The 20-day ...

Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earn ...

Coty (COTY) closed at $12.24 in the latest trading session, marking a +1.32% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.25%. On the other hand, the Dow registered a gain of 0.97%, and the technology-centric Nasdaq increased by 1.3%.Shares of the beauty products company witnessed a gain of 4.59% over the previous month, beating the performance of the Consumer Staples sector with its gain of 4.02% and the S&P 500's gain of 1.58%.The investment community wil ...

NEW YORK--(BUSINESS WIRE)--Today, Coty Inc. (NYSE: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, is pleased to announce the renewal of their license agreement with Mexx. The partnership, which began in 2016, has been extended for more than 25 years, encompassing all Mexx fragrances and colognes. Sue Nabi, Coty’s CEO, said: “We are delighted to further strengthen our thriving relationship with Mexx. Mexx is r ...

NEW YORK--(BUSINESS WIRE)--Today, Coty Inc. (NYSE: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, is pleased to announce that it has renewed its license agreement with bruno banani for over twenty years. Sue Nabi, Coty’s CEO, said: “I am delighted we have renewed our highly successful partnership with bruno banani as the brand celebrates its 30th anniversary. Since winning the license in 2015, Coty has cemented ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Coty (COTY) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 7. On the ...

Coty (COTY) ended the recent trading session at $12.16, demonstrating a +1.08% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.07% loss on the day. Elsewhere, the Dow saw an upswing of 0.16%, while the tech-heavy Nasdaq depreciated by 0.36%.Prior to today's trading, shares of the beauty products company had lost 3.91% over the past month. This has lagged the Consumer Staples sector's gain of 4.4% and the S&P 500's gain of 3.05% in that time.The upcoming earnings release of ...