CORRECTION: Intl Flavors & Fragrances Q4 Adj. EPS $0.72 Misses $0.75 Estimate, Sales $2.70B Beat $2.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intl Flavors & Fragrances (IFF) reported Q4 adjusted EPS of $0.72, missing the consensus estimate of $0.75 by 4%, and a 13.25% decrease from last year's $0.83. Quarterly sales were $2.70B, slightly beating the $2.70B estimate by 0.15%, yet marking a 4.96% decrease from the previous year's $2.84B.
February 21, 2024 | 12:04 am
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NEGATIVE IMPACT
IFF's Q4 earnings missed EPS estimates but slightly beat sales forecasts, with both earnings and sales down from the previous year.
Missing the EPS estimate and reporting a year-over-year decrease in both earnings and sales are negative indicators that could lead to a short-term negative impact on IFF's stock price. The slight beat on sales estimates might not be enough to counteract the negative sentiment from the earnings miss and year-over-year declines.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100