NEW YORK (TheStreet) -- Shares of Avon Products (AVP - Get Report) are increasing 1.84% to $4.14 in afternoon trading today as the beauty product retailer is slated to report second quarter results before tomorrow's opening bell.
Analysts project Avon Products to post earnings of 2 cents per share on revenue of $1.41 billion.
Last year, the company reported earnings of 11 cents per share on revenue of $1.82 billion for the second quarter.
Avon Products is in the process of completing a transformation plan, an initiative announced in January that the company hopes will reduce costs. The company said it hopes to reinvest savings in media, social selling and information technology systems to modernize its business.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate AVON PRODUCTS as a Sell with a ratings score of D. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: AVPAVP data by YCharts