The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Inter Parfums crushed expectations on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share dropped significantly.
Gross margin increased, operating margin shrank, and net margin shrank.
Inter Parfums chalked up revenue of $189.1 million. The five analysts polled by S&P Capital IQ anticipated revenue of $153.8 million on the same basis. GAAP reported sales were 68% higher than the prior-year quarter's $112.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.15. The six earnings estimates compiled by S&P Capital IQ averaged $0.15 per share on the same basis. GAAP EPS of $0.13 for Q4 were 35% lower than the prior-year quarter's $0.20 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 61.7%, 270 basis points better than the prior-year quarter. Operating margin was 5.2%, 580 basis points worse than the prior-year quarter. Net margin was 2.2%, 330 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $154.0 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $632.7 million. The average EPS estimate is $1.18.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 166 members out of 172 rating the stock outperform, and six members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all 48 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 $20.50.
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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 of Motley 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.