Inter Parfums, Inc. (NASDAQ:IPAR) is reporting third quarter earnings results on Monday 9th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.34 per share.
For the full year, analysts predict revenues of $ 504.73 million, while looking forward to income of $ 0.77 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 442.00 million ~ $ 442.00 million, where as bottomline are predicted in a range of $ 0.46 ~ $ 0.46 per share
Click Here For More Historical Outlooks Of Inter Parfums, Inc.
Previous Quarter Performance
Inter Parfums, Inc. disclosed loss for the second quarter of $ 0.10 per share, from the revenue of $ 49.51 million. The quarterly revenues declined 68.78 percent compared with the same quarter last year. According to street consensus, IPAR was expected to report 2Q20 loss of $ 0.12 per share from revenue of $ 54.53 million. The bottom line results beat street analysts by $ 0.02 or 16.67 percent, at the same time, top line results fell short of analysts by $ 5.02 million or 9.21 percent.
Stock Performance
On Friday, shares of Inter Parfums, Inc. has traded high as $ 46.87 and has cracked $ 45.69 on the downward trend, reaching $ 46.55 with volume of 74.60 thousand shares.
According to the previous trading day, closing price of $ 46.55, representing a 34.85 % increase from the 52 week low of $ 34.20 and a 41.86 % decrease over the 52 week high of $ 79.32.
The company has a market capital of $ 1.47 billion and is part of the Consumer Defensive sector and Household & Personal Products industry.
Recent Analyst recommendations
- On 10th September 2020, maintained by DA Davidson at Neutral rating, with $ 37.00 target price.
Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
