Inter Parfums Inc reports results for the quarter ended in December - Earnings Summary

Interparfums

27/02/2024 23:52

* Inter Parfums Inc  IPAR.OQ  reported quarterly adjusted
earnings
of 32 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 52 cents.  The mean expectation of four analysts for the
quarter was for earnings of 38 cents per share. Wall Street
expected results to range from 32 cents to 42 cents per share.
    * Revenue rose 5.8% to $328.74 million from a year ago;
analysts
expected $328.10 million. 
    * Inter Parfums Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $10.42
million.
    * Inter Parfums Inc shares had risen by 5.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the personal
products
peer group is also "buy"

Wall Street's median 12-month price target for Inter Parfums Inc
is $173.00 
This summary was machine generated from LSEG data February 27 at
11:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.38           0.32           Missed
 Sep. 30 2023      1.31           1.66           Beat
 Jun. 30 2023      0.81           1.09           Beat
 Mar. 31 2023      1.42           1.68           Beat