Coty Inc. (COTY) 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.
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