Inter Parfums Earnings: What To Look For From IPAR

Fragrance and perfume company Inter Parfums (NASDAQ:IPAR) will be reporting earnings tomorrow after market close. Here’s what you need to know.

Inter Parfums beat analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $342.2 million, up 10.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ gross margin estimates.

Is Inter Parfums a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Inter Parfums’s revenue to grow 12.4% year on year to $413.4 million, slowing from the 31.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.90 per share.

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 twice over the last two years.

Looking at Inter Parfums’s peers in the personal care segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Herbalife’s revenues decreased 3.2% year on year, missing analysts’ expectations by 1%, and Estée Lauder reported a revenue decline of 4.5%, in line with consensus estimates. Herbalife’s stock price was unchanged after the results, and Estée Lauder’s price followed a similar reaction.

Read our full analysis of Herbalife’s results here and Estée Lauder’s results here.

Investors in the personal care segment have had steady hands going into earnings, with share prices flat 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 $142.60 (compared to the current share price of $123.91).

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