U.S. markets close in 5 hours 18 minutes
  • S&P 500

    4,360.89
    -72.10 (-1.63%)
     
  • Dow 30

    34,064.42
    -520.46 (-1.50%)
     
  • Nasdaq

    14,720.86
    -323.11 (-2.15%)
     
  • Russell 2000

    2,180.20
    -56.67 (-2.53%)
     
  • Crude Oil

    70.54
    -1.43 (-1.99%)
     
  • Gold

    1,762.90
    +11.50 (+0.66%)
     
  • Silver

    22.35
    +0.02 (+0.08%)
     
  • EUR/USD

    1.1727
    -0.0004 (-0.04%)
     
  • 10-Yr Bond

    1.3230
    -0.0470 (-3.43%)
     
  • GBP/USD

    1.3665
    -0.0073 (-0.53%)
     
  • USD/JPY

    109.5340
    -0.3610 (-0.33%)
     
  • BTC-USD

    44,006.15
    -3,527.13 (-7.42%)
     
  • CMC Crypto 200

    1,097.49
    -36.89 (-3.25%)
     
  • FTSE 100

    6,888.63
    -75.01 (-1.08%)
     
  • Nikkei 225

    30,500.05
    +176.75 (+0.58%)
     

Why Inter Parfums (IPAR) Might Surprise This Earnings Season

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Investors are always looking for stocks that are poised to beat at earnings season and Inter Parfums, Inc. IPAR may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because Inter Parfums is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for IPAR in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 41 cents per share for IPAR, compared to a broader Zacks Consensus Estimate of 32 cents per share. This suggests that analysts have very recently bumped up their estimates for IPAR, giving the stock a Zacks Earnings ESP of +27.08% heading into earnings season.

Inter Parfums, Inc. Price and EPS Surprise

Inter Parfums, Inc. Price and EPS Surprise
Inter Parfums, Inc. Price and EPS Surprise

Inter Parfums, Inc. price-eps-surprise | Inter Parfums, Inc. Quote

Why is this Important?

A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).

Given that IPAR has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Clearly, recent earnings estimate revisions suggest that good things are ahead for Inter Parfums, and that a beat might be in the cards for the upcoming report.

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research