Earnings Outlook For Intl Flavors & Fragrances
Portfolio Pulse from Benzinga Insights
Intl Flavors & Fragrances (NYSE:IFF) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts estimating an EPS of $0.77. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter beating EPS estimates but resulting in a 1.04% drop in share price the following day. Over the last year, IFF shares have declined by 13.39%, indicating a bearish sentiment among long-term shareholders ahead of this earnings release.
February 19, 2024 | 3:01 pm
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Intl Flavors & Fragrances is expected to report an EPS of $0.77 for the upcoming quarter. Historical data shows fluctuating stock prices post-earnings, with a general downtrend over the past year.
Given the mixed historical stock price reactions to past earnings reports and the overall negative trend over the past year, the short-term impact on IFF's stock price is uncertain. The company's ability to beat the EPS estimate and provide positive guidance could influence stock performance, but investor sentiment appears cautious.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100