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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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.