Inter Parfums Beats on the Top Line
Inter Parfums (NAS: IPAR) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Inter Parfums beat expectations on revenue and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased significantly.
Gross margin increased, operating margin was steady, and net margin dropped.
Inter Parfums reported revenue of $165.4 million. The two analysts polled by S&P Capital IQ predicted a top line of $145.6 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $133.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.51. The six earnings estimates compiled by S&P Capital IQ forecast $0.39 per share. GAAP EPS of $0.51 for Q1 were 24% higher than the prior-year quarter's $0.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 64.5%, 820 basis points better than the prior-year quarter. Operating margin was 19.2%, about the same as the prior-year quarter. Net margin was 9.4%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $135.6 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $641.5 million. The average EPS estimate is $1.19.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 171 members out of 178 rating the stock outperform, and seven members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all 49 give Inter Parfums a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Inter Parfums is outperform, with an average price target of $19.67.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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