Core Insights - International Flavors (IFF) reported quarterly earnings of $0.8 per share, missing the Zacks Consensus Estimate of $0.85 per share, and down from $0.97 per share a year ago [1] - The company posted revenues of $2.59 billion for the quarter, surpassing the Zacks Consensus Estimate by 3.09%, but down from $2.77 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was -5.37%, while the previous quarter saw a positive surprise of +2.94% [2] - Over the last four quarters, IFF has surpassed consensus EPS estimates three times [2] Stock Performance - IFF shares have increased by approximately 13.9% since the beginning of the year, compared to a 1.4% gain in the S&P 500 [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.20 on revenues of $2.72 billion, and for the current fiscal year, it is $4.51 on revenues of $10.72 billion [8] - The estimate revisions trend for IFF was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [7] Industry Context - The Chemical - Specialty industry, to which IFF belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, suggesting potential challenges ahead [9]