Avon (AVP, $2.74) misses earnings & sales estimates

Avon Products reported earnings (adjusted for non-recurring items) of $0.07 per share for the fourth quarter 2018, falling short of Zacks Consensus Estimate of $0.08 per share. It was also lower than the yer-ago quarter’s $0.12 per share.

The cosmetics company's sales of $1.32 billion for the quarter missed the Zacks Consensus Estimate by 8.30%.  Revenues were also lower than the year-ago period’s $1.57 billion.

According to Zacks Investment Research, the current consensus earnings-per-share estimate for Avon is breakeven on $1.24 billion in revenues for the next quarter, while the consensus projection for the current fiscal year is earnings of $0.12 a share on $5.23 billion in revenues.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.