Inter Parfums(IPAR)
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Inter Parfums(IPAR) - 2024 Q3 - Quarterly Report
2024-11-06 21:24
Delaware 13-3275609 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) (212) 983-2640 (Registrants telephone number, including area code) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.001 par value per share IPAR The Nasdaq Stock Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act o ...
Does Inter Parfums (IPAR) Have the Potential to Rally 32.96% as Wall Street Analysts Expect?
ZACKS· 2024-11-05 15:56
Core Viewpoint - Inter Parfums (IPAR) shows potential for significant upside, with a mean price target of $164.75 indicating a 33% increase from the current trading price of $123.91 [1] Price Targets and Analyst Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $5.12, suggesting a consensus among analysts [2] - The lowest estimate of $160 indicates a 29.1% increase, while the highest estimate predicts a 38.8% surge to $172 [2] - A low standard deviation indicates strong agreement among analysts regarding the stock's price movement [7] Earnings Estimates and Analyst Agreement - Analysts have shown increasing optimism about IPAR's earnings prospects, with a positive trend in earnings estimate revisions [9] - The Zacks Consensus Estimate for the current year has increased by 0.4% over the past month, with no negative revisions [10] - IPAR holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - Solely relying on price targets for investment decisions may not be wise, as analysts' price targets can often be overly optimistic due to business incentives [3][6] - While price targets should not be ignored, they should be approached with skepticism, as they may not accurately predict stock price movements [8]
Insights Into Inter Parfums (IPAR) Q3: Wall Street Projections for Key Metrics
ZACKS· 2024-11-05 15:20
Wall Street analysts expect Inter Parfums (IPAR) to post quarterly earnings of $1.83 per share in its upcoming report, which indicates a year-over-year increase of 10.2%. Revenues are expected to be $424.95 million, up 15.5% from the year-ago quarter.The current level reflects a downward revision of 2.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a ...
Inter Parfums' Q3 Earnings Coming Up: Is There a Beat in Store?
ZACKS· 2024-11-05 14:31
Core Insights - Inter Parfums, Inc. (IPAR) is expected to report growth in its bottom line for Q3 2024, with the Zacks Consensus Estimate for earnings rising to $1.83 per share, reflecting a 10.2% increase from the previous year [1] - The company has been benefiting from a strong fragrance market, driven by robust sales from new licenses such as Roberto Cavalli and Lacoste, alongside a focus on innovation and product launches [2] - However, IPAR has faced challenges with higher selling, general and administrative (SG&A) expenses, which may impact profits despite contributing to growth [3] Sales Performance - For the three months ending September 30, 2024, IPAR's net sales increased by 15% to $425 million, up from $368 million in the same quarter last year [5] - European operations saw a significant sales surge of 21% to $282 million, driven by strong performances from brands like Jimmy Choo and Montblanc, which grew by 17% and 10% respectively [5] - U.S. operations also reported a 9% year-over-year sales increase to $146 million, with the GUESS brand achieving a 16% rise in sales [6] Earnings Outlook - The current model does not predict a definitive earnings beat for IPAR, as it holds a Zacks Rank of 1 (Strong Buy) but has an Earnings ESP of -0.14% [7]
Inter Parfums (IPAR) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2024-11-04 18:01
Core Viewpoint - Inter Parfums (IPAR) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Inter Parfums for the fiscal year ending December 2024 is projected at $5.17 per share, reflecting an 8.8% increase from the previous year's reported figure [9]. - Over the past three months, the Zacks Consensus Estimate for Inter Parfums has risen by 0.5%, indicating a trend of increasing earnings estimates [9]. Zacks Rating System - The Zacks rating system is based solely on changes in a company's earnings picture, making it a reliable tool for investors to gauge stock performance [2][3]. - The Zacks Rank system categorizes stocks into five groups, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, highlighting their superior earnings estimate revision characteristics [10][11]. Market Implications - The upgrade to Zacks Rank 1 for Inter Parfums suggests an improvement in the company's underlying business, which is expected to drive stock price appreciation [6][11]. - The correlation between earnings estimate revisions and near-term stock movements underscores the potential for significant returns when investing based on these revisions [7].
Inter Parfums (IPAR) to Report Q3 Results: Wall Street Expects Earnings Growth
ZACKS· 2024-10-29 15:06
Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Inter Parfums, with a focus on how actual results compare to estimates, which could significantly impact the stock price [1][2]. Earnings Expectations - Inter Parfums is expected to report quarterly earnings of $1.83 per share, reflecting a year-over-year increase of 10.2% [3]. - Revenue projections stand at $424.95 million, indicating a 15.5% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 2.59% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Inter Parfums is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.14%, suggesting a bearish outlook from analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, with positive readings being more reliable [7][8]. - A positive Earnings ESP combined with a Zacks Rank of 1 (Strong Buy) has historically led to a positive surprise nearly 70% of the time [8]. Historical Performance - In the last reported quarter, Inter Parfums exceeded earnings expectations by delivering $1.14 per share against an expected $1.07, resulting in a surprise of 6.54% [11]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [12]. Conclusion - Despite the potential for an earnings beat, other factors may influence stock movement, and Inter Parfums does not currently appear to be a strong candidate for an earnings beat [13][15].
Inter Parfums' Q3 Sales Rise 15% on Strong Brand Performance
ZACKS· 2024-10-22 16:56
Inter Parfums, Inc. (IPAR) continues to benefit from strength in the fragrance market, as reflected in its stellar third-quarter 2024 sales. The results were fueled by ongoing fragrance market momentum, the strong performance of the company’s largest brands, as well as contributions from its latest brands, Lacoste and Roberto Cavalli.For the three months ended Sept. 30, 2024, net sales rose 15% to $425 million from $368 million reported in the year-ago quarter. This growth was driven by the strong performan ...
Interparfums, Inc. Reports Record 2024 Third Quarter Net Sales
GlobeNewswire News Room· 2024-10-21 20:05
Achieves Best Quarterly Sales Performance in Company History; Reaffirms FY2024 Guidance2024 Third Quarter Conference Call Scheduled for November 7, 2024 NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) (“Interparfums” or the “Company”) today announced that for the three months ended September 30, 2024, net sales rose to a record $425 million, up 15% from $368 million in the third quarter of 2023. Net Sales ($ in millions) Data may not foot due to rounding Three Months EndedNi ...
What's Ahead for Inter Parfums in the Booming Fragrance Market?
ZACKS· 2024-09-25 16:10
Inter Parfums, Inc. (IPAR) is capitalizing on positive trends in the fragrance market, with strong sales from new licenses like Roberto Cavalli and Lacoste driving its success. The company's growth strategy combines established brands with targeted marketing and a wide global distribution network. This balanced approach is proving effective, particularly as the travel retail sector experiences a resurgence due to increased leisure and business travel. As a result, Inter Parfums' second-quarter 2024 earnings ...
Why Is Inter Parfums (IPAR) Down 6.9% Since Last Earnings Report?
ZACKS· 2024-09-05 16:36
A month has gone by since the last earnings report for Inter Parfums (IPAR) . Shares have lost about 6.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Inter Parfums due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Inter Parfums Q2 Earnings Top, Sales Up on Robu ...