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HomeBusinessWhat to Expect From Coty’s Q3 Earnings Tomorrow?

What to Expect From Coty’s Q3 Earnings Tomorrow?

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RBC Capital analysts provided their outlook on Coty Inc. (NYSE:COTY) ahead of the upcoming Q3/23 earnings announcement tomorrow.
The analysts expect Q3 adjusted EPS of $0.04, in line with the Street estimates, but anticipate a strong quarter and commentary from management.
Given management updated guidance intra-quarter at a recent investor conference, the analysts do not expect too many surprises. With that said, they do expect the stock to continue its strong gains (up more than 30% year-to-date) given ongoing momentum across its prestige and mass businesses, with most competitors in the beauty space putting up solid prints thus far, even with a muted performance from China.
Furthermore, the analysts see the possibility for the company to take up a top-line guide for the fiscal year.

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