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Earnings To Watch: Inter Parfums (IPAR) Reports Q1 Results Tomorrow

StockStory - Mon May 6, 2:09AM CDT

IPAR Cover Image

Fragrance and perfume company Inter Parfums (NASDAQ:IPAR) will be announcing earnings results tomorrow afternoon. Here's what to look for.

Inter Parfums beat analysts' revenue expectations by 1.5% last quarter, reporting revenues of $328.7 million, up 5.8% 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? Read our full analysis here, it's free.

This quarter, analysts are expecting Inter Parfums's revenue to grow 5.4% year on year to $328.7 million, slowing from the 24.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.61 per share.

Inter Parfums Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Inter Parfums has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 4% on average.

Looking at Inter Parfums's peers in the personal care segment, some have already reported their Q1 results, giving us a hint as to what we can expect. USANA's revenues decreased 8.3% year on year, meeting analysts' expectations, and Medifast reported a revenue decline of 49.9%, in line with consensus estimates. USANA traded up 9.6% following the results while Medifast was down 22.5%.

Read our full analysis of USANA's results here and Medifast's results here.

Investors in the personal care segment have had steady hands going into earnings, with share prices flat over the last month. Inter Parfums is down 9.2% during the same time and is heading into earnings with an average analyst price target of $169.8 (compared to the current share price of $120.16).

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