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Natura & Co Holding (NTCOY) Moves 5.3% Higher: Will This Strength Last?
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Natura &Co Holding S.A. ADR (NTCOY - Free Report) shares rallied 5.3% in the last trading session to close at $5.56. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.4% loss over the past four weeks.
Natura & Co, expected to release quarterly results next week, has been benefiting from its Wave 2 roll-out, which has driven sustainable enhancements in productivity, cross-selling, and portfolio mix, aiding the gross margin. The company has thrived on robust innovations, contributing significantly to its success. Additionally, Natura & Co has made strides at Avon International by simplifying markets, concentrating on key countries, and refining the portfolio with superior promotional strategies.
This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +233.3%. Revenues are expected to be $1.68 billion, up 7.1% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Natura & Co Holding, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on NTCOY going forward to see if this recent jump can turn into more strength down the road.
Natura & Co Holding is a member of the Zacks Cosmetics industry. One other stock in the same industry, Estee Lauder (EL - Free Report) , finished the last trading session 1.9% lower at $91.57. EL has returned -10.4% over the past month.
Estee Lauder's consensus EPS estimate for the upcoming report has changed -4.9% over the past month to $0.25. Compared to the company's year-ago EPS, this represents a change of +257.1%. Estee Lauder currently boasts a Zacks Rank of #4 (Sell).
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Natura & Co Holding (NTCOY) Moves 5.3% Higher: Will This Strength Last?
Natura &Co Holding S.A. ADR (NTCOY - Free Report) shares rallied 5.3% in the last trading session to close at $5.56. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.4% loss over the past four weeks.
Natura & Co, expected to release quarterly results next week, has been benefiting from its Wave 2 roll-out, which has driven sustainable enhancements in productivity, cross-selling, and portfolio mix, aiding the gross margin. The company has thrived on robust innovations, contributing significantly to its success. Additionally, Natura & Co has made strides at Avon International by simplifying markets, concentrating on key countries, and refining the portfolio with superior promotional strategies.
This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +233.3%. Revenues are expected to be $1.68 billion, up 7.1% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Natura & Co Holding, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on NTCOY going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Natura & Co Holding is a member of the Zacks Cosmetics industry. One other stock in the same industry, Estee Lauder (EL - Free Report) , finished the last trading session 1.9% lower at $91.57. EL has returned -10.4% over the past month.
Estee Lauder's consensus EPS estimate for the upcoming report has changed -4.9% over the past month to $0.25. Compared to the company's year-ago EPS, this represents a change of +257.1%. Estee Lauder currently boasts a Zacks Rank of #4 (Sell).