Stock Analysis

Analysts Have Made A Financial Statement On Interparfums SA's (EPA:ITP) Interim Report

ENXTPA:ITP
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Interparfums SA (EPA:ITP) shareholders are probably feeling a little disappointed, since its shares fell 5.3% to €40.40 in the week after its latest half-year results. Interparfums reported in line with analyst predictions, delivering revenues of €423m and statutory earnings per share of €1.64, suggesting the business is executing well and in line with its plan. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Interparfums after the latest results.

Check out our latest analysis for Interparfums

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ENXTPA:ITP Earnings and Revenue Growth September 13th 2024

Taking into account the latest results, the most recent consensus for Interparfums from ten analysts is for revenues of €895.0m in 2024. If met, it would imply a decent 8.5% increase on its revenue over the past 12 months. Before this earnings report, the analysts had been forecasting revenues of €896.4m and earnings per share (EPS) of €1.66 in 2024. So we can see that while the consensus made no real change to its revenue estimates, it also no longer provides an earnings per share estimate. This suggests that revenues are what the market is focusing on after the latest results.

There's been no real change to the consensus price target of €51.53, with Interparfums seemingly executing in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Interparfums, with the most bullish analyst valuing it at €61.20 and the most bearish at €36.00 per share. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Interparfums'historical trends, as the 18% annualised revenue growth to the end of 2024 is roughly in line with the 16% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 5.0% annually. So although Interparfums is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The clear take away from these updates is that the analysts made no change to their revenue estimates for next year, with the business apparently performing in line with their models. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

At least one of Interparfums' ten analysts has provided estimates out to 2026, which can be seen for free on our platform here.

You still need to take note of risks, for example - Interparfums has 2 warning signs we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.