Avon Products (NYSE: AVP ) is expected to report Q3 earnings on Oct. 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Avon Products's revenues will wane -6.1% and EPS will wane -42.1%.
The average estimate for revenue is $2.59 billion. On the bottom line, the average EPS estimate is $0.22.
Last quarter, Avon Products tallied revenue of $2.59 billion. GAAP reported sales were 9.3% lower than the prior-year quarter's $2.86 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.20. GAAP EPS of $0.14 for Q2 were 70% lower than the prior-year quarter's $0.47 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 62.8%, 170 basis points worse than the prior-year quarter. Operating margin was 6.4%, 510 basis points worse than the prior-year quarter. Net margin was 2.4%, 480 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $10.78 billion. The average EPS estimate is $0.81.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 373 members out of 431 rating the stock outperform, and 58 members rating it underperform. Among 113 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Avon Products a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avon Products is hold, with an average price target of $19.52.
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