Fragrance and perfume company Inter Parfums (NASDAQ: IPAR) will be reporting earnings this Tuesday after the bell. Here’s what investors should know.
Inter Parfums beat analysts’ revenue expectations last quarter, reporting revenues of $386.2 million, up 6.8% year on year. It was a slower quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.
Is Inter Parfums a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Inter Parfums’s revenue to grow 1.8% year on year, slowing from the 4.6% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Inter Parfums has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Inter Parfums’s peers in the consumer staples segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Estée Lauder delivered year-on-year revenue growth of 4.6%, meeting analysts’ expectations, and Vita Coco reported revenues up 37.3%, topping estimates by 20.5%. Vita Coco traded up 27.8% following the results.
Read our full analysis of Estée Lauder’s results here and Vita Coco’s results here.
There has been positive sentiment among investors in the consumer staples segment, with share prices up 2.8% on average over the last month. Inter Parfums’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $108.20 (compared to the current share price of $91.47).
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