Coty(US:COTY) ZACKSยท2024-08-20 23:00Core Insights - Coty reported revenue of $1.36 billion for the quarter ended June 2024, a year-over-year increase of 0.9%, but fell short of the Zacks Consensus Estimate of $1.38 billion, resulting in a surprise of -0.94% [1] - The company experienced an EPS of -$0.03, compared to $0.01 a year ago, reflecting an EPS surprise of -175.00% against a consensus estimate of $0.04 [1] Revenue Performance - Geographic Revenues in the Americas reached $583 million, slightly above the average estimate of $580.62 million, marking a year-over-year increase of +2.7% [3] - Geographic Revenues in Asia Pacific were reported at $182.30 million, below the average estimate of $192.73 million, indicating a year-over-year decline of -3.8% [4] - Geographic Revenues in EMEA totaled $598.10 million, slightly exceeding the average estimate of $597.78 million, with a year-over-year change of +0.7% [5] Segment Performance - Net Revenues from Prestige amounted to $802.80 million, below the average estimate of $809.77 million, reflecting a year-over-year increase of +0.4% [6] - Net Revenues from Consumer Beauty were reported at $560.60 million, slightly below the average estimate of $566.50 million, showing a year-over-year increase of +1.6% [7] Operating Income - Adjusted Operating Income for Consumer Beauty was $20.20 million, below the average estimate of $25.73 million [8] - Adjusted Operating Income for Prestige reached $87.80 million, surpassing the average estimate of $78.33 million [9] - Corporate Operating Loss was reported at -$25.30 million, significantly better than the average estimate of -$72.39 million [10] Stock Performance - Coty's shares have returned -4.1% over the past month, contrasting with the Zacks S&P 500 composite's +1.9% change, and the stock currently holds a Zacks Rank 3 (Hold) [11]