Recap: Intl Flavors & Fragrances Q4 Earnings
Portfolio Pulse from Benzinga Insights
Intl Flavors & Fragrances (IFF) reported Q4 earnings with a significant miss on estimated earnings by 70.67%, posting an EPS of $0.22 against an estimate of $0.75. Revenue also saw a decline, down $141 million from the same period last year. This follows a pattern from the last quarter where despite beating EPS estimates, the share price dropped by 1.04% the next day.
February 20, 2024 | 9:30 pm
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Intl Flavors & Fragrances reported a significant miss in Q4 earnings with a 70.67% lower EPS than expected and a decrease in revenue from the previous year.
The significant miss in both EPS and revenue for IFF in Q4 is likely to negatively impact investor sentiment and the stock price in the short term. Historical data from the previous quarter shows that even beating EPS estimates led to a drop in share price, suggesting that the market has high expectations for IFF's financial performance. The substantial miss this quarter could therefore lead to a more pronounced negative reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100