International Flavors & Fragrances Inc. (IFF – Analyst Report) engages in the creation and manufacture of fragrance and flavor products in the U.S. and internationally. The company’s diversified range of products is sold in over 31 countries. Also, its research and development wing is constantly endeavoring to develop new and innovative compounds to suitably meet the rising demand, especially in emerging countries.
However, International Flavors & Fragrances cannot completely rule out the presence of headwinds. Adverse currency movements are likely to impact first-quarter results; while geopolitical issues in some foreign countries, served by the company, might negatively affect results. Investors are eagerly waiting for the company’s latest earnings report.
International Flavors & Fragrances Inc. has performed well in the last four trailing quarters, with positive earnings surprise in three quarters while in line results in one quarter. Average earnings surprise is +2.74%.
Currently, IFF has a Zacks Rank #4 (Sell), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings : International Flavors & Fragrances’ earnings came in at $1.45 per share in first-quarter 2015. The bottom line result surpassed the Zacks Consensus Estimate of $1.42 per share.
Revenue : Revenues missed. International Flavors & Fragrances generated revenues of $775 million, below the Zacks Consensus Estimate of $779 million.
Key Stats to Note : The company’s total revenue grew 1% year over year, including 5% adverse impact from foreign currency translation.
Stock Price : Shares of International Flavors & Fragrances were down 0.12% ahead of the report while no movement has been recorded in the pre-market trading session.
