Analysts Have Made A Financial Statement On Interparfums, Inc.'s (NASDAQ:IPAR) Third-Quarter Report
Analysts Have Made A Financial Statement On Interparfums, Inc.'s (NASDAQ:IPAR) Third-Quarter Report
Interparfums, Inc. (NASDAQ:IPAR) just released its third-quarter report and things are looking bullish. Results were good overall, with revenues beating analyst predictions by 2.8% to hit US$425m. Statutory earnings per share (EPS) came in at US$1.93, some 4.0% above whatthe analysts had expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
納斯達克股票代碼IPAR的Interparfums公司剛剛發佈了第三季度報告,情況看好。整體結果表現良好,營業收入超出分析師預測2.8%,達到42500萬美元。每股收益(EPS)爲1.93美元,比分析師預期高出4.0%。根據這一結果,分析師已更新了他們的盈利模型,了解他們是否認爲公司前景有較大改變,還是一切照常運作,將會很有意思。我們認爲讀者會有興趣看到分析師對明年最新的(法定)盈利後預測。
Taking into account the latest results, the consensus forecast from Interparfums' four analysts is for revenues of US$1.53b in 2025. This reflects a modest 7.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to swell 16% to US$5.47. In the lead-up to this report, the analysts had been modelling revenues of US$1.57b and earnings per share (EPS) of US$5.88 in 2025. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a small dip in earnings per share estimates.
考慮到最新的結果,Interparfums的四位分析師一致預測2025年營業收入將達到15.3億美元。這反映了與過去12個月相比,營收將略有增長7.6%。法定每股收益預計將增長16%,至5.47美元。在此報告發布之前,分析師一直在預測2025年的營業收入爲15.7億美元,每股收益(EPS)爲5.88美元。很明顯,最新結果後悲觀情緒浮現,導致營收前景減弱,每股收益預期略微下降。
The analysts made no major changes to their price target of US$141, suggesting the downgrades are not expected to have a long-term impact on Interparfums' valuation. 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. Currently, the most bullish analyst values Interparfums at US$172 per share, while the most bearish prices it at US$54.00. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
分析師對Interparfums的141美元的目標股價沒有進行重大更改,暗示降級不會對Interparfums的估值產生長期影響。目標股價的共識只是個別分析師目標的平均水平,所以看看潛在估值範圍有多大可能會有所幫助。目前,最看好的分析師認爲Interparfums的股價能達到172美元,而最看淡的將其定價爲54.00美元。注意到分析師目標股價之間的巨大差距?這對我們意味着潛在業務可能有着相當廣泛的可能場景。
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's pretty clear that there is an expectation that Interparfums' revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 6.0% growth on an annualised basis. This is compared to a historical growth rate of 19% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% annually. So it's pretty clear that, while Interparfums' revenue growth is expected to slow, it's expected to grow roughly in line with the industry.
我們可以將這些預測放在更宏觀的背景中進行觀察,比如預測與過去表現的對比,以及預測與行業內其他公司相比較是否更看好。很明顯,預期Interparfums的營收增長將大幅放緩,預計到2025年底,每年以6.0%的年增長率增長。這與過去五年19%的歷史增長率進行對比。將其與受到分析師覆蓋的其他行業公司對比,這些公司預計(總體上)每年增長4.9%的營收。因此,很明顯,雖然預計Interparfums的營收增長將減緩,但預計其增長速度基本符合該行業的水平。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. They also downgraded their revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as 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.
最重要的是分析師們下調了他們的每股收益預估,顯示出隨着這些結果的公佈,情緒明顯下降。他們還下調了他們的營業收入預估,儘管正如我們之前所看到的,預計增長僅與整個行業大致相同。一致的目標價沒有真正變化,這表明業務的內在價值在最新預估中並未發生重大變化。
With that in mind, we wouldn't be too quick to come to a conclusion on Interparfums. Long-term earnings power is much more important than next year's profits. We have forecasts for Interparfums going out to 2026, and you can see them free on our platform here.
考慮到這一點,我們不會太快得出關於Interparfums的結論。 長期的盈利能力比明年的利潤更重要。我們對Interparfums的預測延伸至2026年,您可以在我們的平台上免費查看。
And what about risks? Every company has them, and we've spotted 1 warning sign for Interparfums you should know about.
那風險呢?每家公司都會有風險,我們發現了Interparfums的一個警告信號,您應該知道。
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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
譯文內容由第三人軟體翻譯。