International Flavors (IFF) Q3 Earnings Lag Estimates

Core Viewpoint - International Flavors (IFF) reported quarterly earnings of $1.04 per share, missing the Zacks Consensus Estimate of $1.06 per share, but showing an increase from $0.89 per share a year ago [1][2] Financial Performance - The company posted revenues of $2.93 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.25% and up from $2.82 billion year-over-year [3] - The earnings surprise for the quarter was -1.89%, while the previous quarter saw a positive surprise of 14.85% [2] Stock Performance - IFF shares have increased approximately 22.2% since the beginning of the year, outperforming the S&P 500's gain of 19.8% [4] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for outperformance in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.81 on revenues of $2.67 billion, and for the current fiscal year, it is $4.24 on revenues of $11.3 billion [8] - The estimate revisions trend for IFF is favorable, which could influence future stock movements [6][7] Industry Context - The Chemical - Specialty industry, to which IFF belongs, is currently ranked in the bottom 46% of over 250 Zacks industries, which may impact stock performance [9]