Leading manufacturer and marketer of beauty and related products, Avon Products Inc. reported first-quarter 2017 results. The company posted adjusted loss from continuing operations of 7 cents per share, which came in line with the year-ago period but compared unfavorably with our breakeven expectations.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 has trended slightly upward 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 109.7%.
Revenues: Avon Products’ total revenue of $1,333.1 million rose 2% year over year and also surpassed the Zacks Consensus Estimate of $1,327 million. On a constant dollar basis, sales declined 1%.
For 2017, management anticipates revenues to grow in low single-digits, on a constant dollar basis.
Key Events: The company is on track with its Transformation Plan that was announced in Jan 2016. The plan mainly includes investing in growth, enhancing cost structure and improving financial flexibility. In this regard, management plans to raise its capital expenditures by nearly $65 million, in 2017.
Zacks Rank: Currently, Avon Products carries a Zacks Rank #3 (Hold) 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!
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Avon Products (AVP) Posts Loss in Q1, Sales Beat Estimates
Leading manufacturer and marketer of beauty and related products, Avon Products Inc. reported first-quarter 2017 results. The company posted adjusted loss from continuing operations of 7 cents per share, which came in line with the year-ago period but compared unfavorably with our breakeven expectations.
Avon Products, Inc. Price and EPS Surprise
Avon Products, Inc. Price and EPS Surprise | Avon Products, Inc. Quote
Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 has trended slightly upward 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 109.7%.
Revenues: Avon Products’ total revenue of $1,333.1 million rose 2% year over year and also surpassed the Zacks Consensus Estimate of $1,327 million. On a constant dollar basis, sales declined 1%.
For 2017, management anticipates revenues to grow in low single-digits, on a constant dollar basis.
Key Events: The company is on track with its Transformation Plan that was announced in Jan 2016. The plan mainly includes investing in growth, enhancing cost structure and improving financial flexibility. In this regard, management plans to raise its capital expenditures by nearly $65 million, in 2017.
Zacks Rank: Currently, Avon Products carries a Zacks Rank #3 (Hold) 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!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>