What to Expect From Coty’s Q3 Earnings Tomorrow?
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/COTY'>Coty Inc. (NYSE:COTY)</a> ahead of the upcoming Q3/23 earnings announcement tomorrow.</p>
<p>The analysts expect Q3 adjusted EPS of $0.04, in line with the Street estimates, but anticipate a strong quarter and commentary from management. </p>
<p>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.</p>
<p>Furthermore, the analysts see the possibility for the company to take up a top-line guide for the fiscal year.</p>

NYSE:COTY