Coty insulated from most of the weakness in beauty category - analyst

seekingalpha04-17

Coty (NYSE:COTY) has snapped a four-day losing streak and is more than 3% higher on Tuesday thanks to Citigroup opening a positive 30-day catalyst watch ahead of the company’s FQ3 earnings report. ...

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Citigroup attributes the most recent 10% pullback in Coty (COTY) to Ulta’s (ULTA) conservative guidance and cautious remarks during the subsequent earnings call. Coty (COTY) is “relatively insulated from the category weakness highlighted by Ulta given the U.S. is only ~28% of sales and Prestige Fragrances represent ~55% of total Coty sales, which we believe have seen fewer headwinds,” Citigroup wrote in Tuesday’s research note.  Consumer demand for Coty’s (COTY) brands remains robust, and the company can post above-consensus topline growth and EBITDA in Q3 which “could drive a positive stock reaction off a depressed base,” Citigroup says.  Coty (COTY) reports FQ3 results on May 6, expected to have earned an adjusted profit of $0.06 per share on $1.37B in revenue.  Analysts are bullish on Coty (COTY) with Seeking Alpha authors and Wall Street analysts viewing the stock as a Buy. Seeking Alpha’s Quant Rating also rates Coty (COTY) with a Buy.    More on Coty  Coty: Strong Leadership, DTC, E-Commerce And Premiumization Fuel Q2 Success Coty Inc. (COTY) Q2 2024 Earnings Call Transcript Coty Inc. (COTY) Q2 2024 Earnings Call Transcript Coty smells like a winner to TD Cowen Coty to highlight 'significant' white-space opportunities at CAGNY Conference","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428870733"}