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.

Fortinet (NASDAQ:FTNT) shares surged more than 5% on Friday after the company reported its Q1 earnings results, with EPS coming in at $0.34, above the Street estimate of $0.29. Revenue was $1.26 billion, beating the Street estimate of $1.2 billion.
Results were highlighted by over 35% product growth, 31% service revenue growth (first time above 30% in six years), the eighth consecutive quarter of 30% billings growth, and adjusted Free Cash flow margin of 52%, the highest as a public company.
Results continue to benefit from broad-based strength around expanding firewall deployment environments, convergence of security and networking, and increasing vendor and product functionality consolidation.

RBC Capital analysts shared their outlook on Edgewell Personal Care Company (NYSE:EPC) ahead of tomorrow’s Q2/23 earnings announcement.
The analysts expect the company to post an adjusted EPS of $0.35, which is in line with the Street estimates. The analysts expect this quarter to be driven by strong performance in the Sun & Skincare segment while feminine care also adds to the momentum given increased supply chain stability.
While management warns sun care could get more promotional in the second half of the year as consumers come under more pressure, China’s re-opening and the Billie launch into national retailers and Canada should help offset these dynamics through the remainder of 2023 for the company as a whole.

ANSYS (NASDAQ:ANSS) reported its Q1 earnings results, with EPS of $1.85 beating the Street estimate of $1.61. Revenue came in at $509.4 million, better than the Street estimate of $492.1 million.
Results were strong with double-digit ACV growth driven by broad-based strength, consistent execution and resiliency of the platform in a challenging macro backdrop.
For Q2/23, management anticipates EPS to be in the range of $1.35-$1.53, compared to the Street estimate of $1.87, and revenue of $473-498 million, compared to the Street estimate of $521.15 million.
For the full year, the company expects EPS in the range of $8.39-$8.91, compared to the Street’s $8.65, and revenue of $2.24-2.32 billion, compared to the Street’s $2.29 billion.

Bausch Health Companies Inc. (NYSE:BHC) shares dropped more than 20% since the company’s reported Q1 results on Thursday.
While revenues and adjusted EBITDA came in worse than the Street estimates. Despite a miss in results today, management reiterated 2023 guidance for RemainCo. Management expects operational performance to improve in the remainder of the year aided by seasonality and investments in the business.
2023 revenue guidance of $4.45-4.60 billion implies more than 4% year-over-year growth at the mid-point, compared to the 2% year-over-year decline in Q1/23.

Datadog, Inc. (NASDAQ:DDOG) shares jumped more than 14% on Thursday after the company beat the Street expectations for Q1 earnings. EPS was $0.28, compared to the Street estimate of $0.24. Revenue came in at $482 million, compared to the Street’s $470.46 million estimate.
New logo bookings were a Q1 record as the company continues to add customers albeit at a slightly slower rate. However, guidance remains cautious assuming a continuation of optimization trends through year-end, but with increased leverage.
For Q2/23, the company anticipates EPS in the range of $0.27-$0.29, compared to the Street’s $0.26, and revenue in the range of $498-502 million, compared to the Street’s $500.7 million.
For the full year, the company sees EPS at $1.13-$1.20, compared to the Street’s $1.08, and revenue at $2.08-2.1 billion, compared to the Street’s $2.09 billion.