While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Inter Parfums: favorable. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.

While Inter Parfums has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Inter Parfums shares have added about 24.5% since the beginning of the year versus the S&P 500's gain of 3.7%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

The company has topped consensus revenue estimates three times over the last four quarters. This compares to year-ago revenues of $210.72 million. Inter Parfums, which belongs to the Zacks Cosmetics industry, posted revenues of $310.79 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 10.78%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. A quarter ago, it was expected that this perfume maker would post earnings of $0.99 per share when it actually produced earnings of $1.30, delivering a surprise of 31.31%. This quarterly report represents an earnings surprise of 108.82%. These figures are adjusted for non-recurring items. This compares to loss of $0.04 per share a year ago. Inter Parfums ( IPAR Quick Quote IPAR - Free Report) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.34 per share.

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