Avon Products (AVP - Get Report)  is expected to report a fourth-quarter profit before Thursday's market open compared to last year's loss. 

Analysts surveyed by FactSet are looking for adjusted earnings of 9 cents per share on revenue of $1.61 billion. During the same quarter a year ago, the makeup company posted a loss of 4 cents per diluted share on revenue of $1.61 billion.

The post-election U.S. dollar rally will weigh on fourth-quarter results, and is not fully reflected in Wall Street's consensus expectations, according to Jefferies analyst Trevor Young. A stronger dollar makes its products more expensive overseas.

But Young is more focused on possible 2017 guidance and execution on long-term goals.

"As was the case in prior quarters, however, limited guidance amid AVP's ongoing transformation makes non-operating line items less meaningful (e.g., high tax volatility makes EPS estimates challenging)," he wrote in a recent note.

Young hopes for more "granular" guidance for 2017, such as constant currency growth by region and gross margin expansion, as he believes the lack of visibility has kept some investors on the sidelines.

Nevertheless, Jefferies has a "buy" rating on the stock and reiterated it as a top pick.

Avon is currently on the path to recovery after several years of poor performance, said Trefis analysts in a recent report.

The company selling off of its North American business, receiving a $650 million funding and subsequently undertaking a few major restructuring plans last year seems to be finally helping its revival, they added.

"Avon's current strength of 8 million active representatives make it the world's largest direct selling workforce. The company is focusing on better representative engagements in its top markets," the analysts noted.

The company's top 10 markets are: Brazil, Mexico, Russia, Philippines, U.K., Argentina, Colombia, Turkey, Poland and South Africa. Avon is the number one direct selling beauty company in all these markets, with the exception of Brazil where it is number two.

Avon has decided to focus on its top 10 markets for most of its growth and these markets are rising at a faster rate than the total company's growth rate, Trefis said.

The company's three-year transformation plan includes driving out cost, improving financial resilience and investment in growth.

Shares of Avon were down 2.28% to $5.80 in midday trading on Tuesday.