Coty Inc. (COTY) - Get Free Report is expected to report net income of $122.3 million, or 16 cents a share, on sales of $2.1 billion before the market opens on Wednesday, based on a FactSet survey of 12 analysts.
In the same period a year ago, the company posted earnings of 14 cents a share on sales of $2.3 billion. It reported a loss of 77 million.
The stock has fallen 24.4% since the company last reported earnings on May. 8.
Quarterly estimates have risen less than 1 cent a share in the past month.
In the upcoming quarter analysts are forecasting net income of $63.4 million, or 8 cents a share, on sales of $2 billion.
Coty is currently trading at a price-to-forward-earnings ratio of 12.6 based on the 12-month estimates of 14 analysts surveyed by FactSet.
Save 57% With Our Labor Day Sale. Join Jim Cramer's Action Alerts PLUS investment club to become a smarter investor! Learn more about TheStreet Courses on investing and personal finance here.
Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here.