Inter Parfums Reaffirms FY24 EPS $5.15 Vs $5.16 Est.; Net Sales $1.45B Vs $1.454B Est.
Portfolio Pulse from Benzinga Newsdesk
Inter Parfums has reaffirmed its full-year 2024 earnings per share (EPS) forecast at $5.15, slightly below the estimated $5.16. The company also expects net sales to reach $1.45 billion, marginally below the estimated $1.454 billion.
May 07, 2024 | 8:33 pm
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Inter Parfums reaffirms its FY24 EPS at $5.15, slightly below expectations, with net sales forecasted at $1.45B, also just under estimates.
The reaffirmation of Inter Parfums' FY24 earnings and sales forecasts, slightly below analyst estimates, suggests a stable but cautious outlook. This could lead to a neutral short-term impact on the stock as the market absorbs the news. The slight miss on both EPS and sales estimates might concern some investors, but the reaffirmation of guidance indicates confidence in the company's strategic direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100