Insights Into Coty (COTY) Q1: Wall Street Projections for Key Metrics

In its upcoming report, Coty (COTY) is predicted by Wall Street analysts to post quarterly earnings of $0.19 per share, reflecting an increase of 111.1% compared to the same period last year. Revenues are forecasted to be $1.68 billion, representing a year-over-year increase of 2.2%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 5.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.Given this perspective, it's time to examine the average forecasts of specific Coty metrics that are routinely monitored and predicted by Wall Street analysts.The consensus estimate for 'Net Revenues- Prestige' stands at $1.10 billion. The estimate points to a change of +3.4% from the year-ago quarter.Analysts forecast 'Net Revenues- Consumer Beauty' to reach $585.08 million. The estimate suggests a change of +1.5% year over year.The average prediction of analysts places 'Geographic Revenues- Americas' at $733.14 million. The estimate indicates a change of +3.6% from the prior-year quarter.Based on the collective assessment of analysts, 'Geographic Revenues- Asia Pacific' should arrive at $201.20 million.Analysts expect 'Geographic Revenues- EMEA' to come in at $748.68 million. The estimate indicates a year-over-year change of +2.3%.Analysts' assessment points toward 'Adjusted Operating Income (Loss)- Consumer Beauty' reaching $42.87 million. Compared to the present estimate, the company reported $41.90 million in the same quarter last year.The combined assessment of analysts suggests that 'Adjusted Operating Income (Loss)- Prestige' will likely reach $269.24 million. The estimate compares to the year-ago value of $260.30 million.View all Key Company Metrics for Coty here>>>Shares of Coty have demonstrated returns of -16.8% over the past month compared to the Zacks S&P 500 composite's +0.4% change. With a Zacks Rank #3 (Hold), COTY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coty (COTY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks