Stock Story -
Fragrance and perfume company Inter Parfums (NASDAQ:IPAR) will be reporting results tomorrow after market hours. Here's what to expect.
Inter Parfums missed analysts' revenue expectations by 1.4% last quarter, reporting revenues of $324 million, up 3.9% year on year. It was a weak quarter for the company, with a miss of analysts' earnings estimates.
Is Inter Parfums a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Inter Parfums's revenue to grow 9.2% year on year to $337.7 million, slowing from the 26.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.02 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 consumer staples segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Herbalife (NYSE:HLF)'s revenues decreased 2.5% year on year, missing analysts' expectations by 3.6%, and USANA reported a revenue decline of 10.6%, falling short of estimates by 3.7%. Herbalife traded down 8.5% following the results while USANA was also down 3.1%.
Read the full analysis of Herbalife's and USANA's results on StockStory.
There has been positive sentiment among investors in the consumer staples segment, with share prices up 4% on average over the last month. Inter Parfums is up 17% during the same time and is heading into earnings with an average analyst price target of $141.8 (compared to the current share price of $135.1).
