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

Interparfums

06/08/2024 23:06

* Inter Parfums Inc  IPAR.OQ  reported quarterly adjusted
earnings
of $1.14​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of $1.09.  The mean expectation of four analysts for the quarter
was for earnings of $1.05 per share. Wall Street expected
results to range from 94 cents to $1.16 per share.
    * Revenue rose 10.7% to $342.23 million from a year ago;
analysts
expected $339.33 million. 
    * Inter Parfums Inc's reported EPS for the quarter was
$1.14​.
    * The company reported quarterly net income of $36.82
million.
    * Inter Parfums Inc shares had risen by 10.2% this
quarter and
lost 11.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"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 $172.00 
This summary was machine generated from LSEG data August 6 at
10:06 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
 Jun. 30 2024      1.05           1.14           Beat
 Mar. 31 2024      1.54           1.27           Missed
 Dec. 31 2023      0.38           0.32           Missed
 Sep. 30 2023      1.31           1.66           Beat