Inter Parfums-Interparfums (IPAR) Q3 Earnings Top Estimates

Company Performance - Interparfums reported quarterly earnings of $1.93 per share, exceeding the Zacks Consensus Estimate of$ 1.83 per share, and up from $1.66 per share a year ago, representing an earnings surprise of 5.46% [1] - The company posted revenues of$ 424.63 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.08%, compared to $367.97 million in the same quarter last year [2] - Over the last four quarters, Interparfums has surpassed consensus EPS estimates two times and topped revenue estimates just once [2] Stock Performance - Interparfums shares have declined approximately 12.2% since the beginning of the year, while the S&P 500 has gained 21.2% [3] - The current consensus EPS estimate for the upcoming quarter is$ 0.94 on revenues of $368.49 million, and for the current fiscal year, it is$ 5.17 on revenues of $1.46 billion [7] Industry Outlook - The Consumer Products - Discretionary industry, to which Interparfums belongs, is currently ranked in the bottom 29% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Interparfums' stock performance [5][6]