Time New York: Mon 22 Oct 03:19 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Avon Products (AVP) Q4 Earnings Beat, Revenue Miss Estimates

Zacks

Avon Products, Inc. AVP, the leading manufacturer and marketer of beauty and related products, reported fourth-quarter 2017 results. The company posted adjusted earnings from continuing operations of 12 cents per share that surpassed the Zacks Consensus Estimate of 6 cents. Also, it rose substantially from earnings of 1 cent delivered in the year-ago quarter.

Avon Products, Inc. Price, Consensus and EPS Surprise

Avon Products, Inc. Price, Consensus and EPS Surprise | Avon Products, Inc. Quote


Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has been stable in the last 30 days. However, if we look at Avon’s performance in the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 98.7%.

Revenues: Avon’s total revenue of $1,568.8 million remained in line with the year-ago quarter’s figure. However, it fell short of the Zacks Consensus Estimate of $1,592 million. Further, on a constant dollar basis, revenues decreased 2%.

Key Events: The company generated more than $250 million of cost savings under its Transformation Plan, which exceeded its cost-savings target of $230 million for 2017.

Zacks Rank: Currently, Avon Products carries a Zacks Rank #4 (Sell), which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on Avon Products’ earnings report!

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.