Avon Products (NYSE: AVP ) reported earnings on Feb. 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Avon Products met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share.
Margins shrank across the board.
Avon Products booked revenue of $3.00 billion. The 12 analysts polled by S&P Capital IQ anticipated revenue of $3.00 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.37. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. GAAP EPS were -$0.38 for Q4 versus $0.00 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 59.8%, 140 basis points worse than the prior-year quarter. Operating margin was 7.3%, 210 basis points worse than the prior-year quarter. Net margin was -5.4%, 540 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.55 billion. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $10.84 billion. The average EPS estimate is $0.92.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 370 members out of 424 rating the stock outperform, and 54 members rating it underperform. Among 115 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 103 give Avon Products a green thumbs-up, and 12 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 $17.13.
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