More big companies will report their earnings before opening bell Tuesday morning. Domino’s Pizza, Inc. (NYSE:DPZ), Deutsche Bank AG (NYSE:DB) (ETR:DBK), Avon Products, Inc. (NYSE:AVP) and Invesco Ltd. (NYSE:IVZ) are all set to release their first-quarter reports.
Domino’s Pizza, Inc. (NYSE:DPZ) is expected to report earnings of 55 cents on revenue of $411 million during the first quarter, according to a consensus of analysts polled by Bloomberg. The company surprised to the positive in the previous quarter but posted a negative earnings surprise during the first quarter of last year. It also initiated a 20-cent quarterly dividend earlier this year after its strong fourth-quarter results.
Analysts are estimating that Deutsche Bank AG (NYSE:DB) (ETR:DBK) will report earnings of $1.49 per share on revenue of €9.2 billion. The bank’s fourth-quarter earnings were weak, although its revenue was in line with consensus.
Recently an investigation into Deutsche Bank AG (NYSE:DB) (ETR:DBK) was launched by Germany’s Bundesbank and its financial authority Bafin in the wake of the Libor scandal. The bank is accused of missing the correct valuation of credit derivatives between 2007 and 2010 and also of hiding as much as $12 billion in losses.
Avon Products, Inc. (NYSE:AVP) is expected to report earnings per share of 13 cents on revenue of $2.5 billion. The company’s revenues have been roughly in line with expectations in each of the last five quarters. Its earnings were a significant positive surprise to investors during the fourth quarter of last year, although the cosmetic maker posted significant misses in earnings in the four quarters previous to that.
Earlier this month Avon Products, Inc. (NYSE:AVP) announced that it would cut 400 more jobs and shut down its Irish market as part of its multi-million dollar restructuring plan. The cuts are taking place across all of its regions and segments and account for about 1 percent of the company’s workforce.
Analysts predict that Invesco Ltd. (NYSE:IVZ) will report earnings per share of 47 cents on $1.1 billion in revenue. In the last five quarters, the company’s revenue has been either $1 billion or $1.1 billion. It has come in a little short in the last three quarters in terms of earnings, although last year’s first quarter earnings were in line with Bloomberg’s consensus.
