COTY Set to Report Q2 Earnings: Factors to Keep in Mind

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 ...