International Flavors (IFF) Down 10.5% Since Last Earnings Report: Can It Rebound?

Logo NasdaqNasdaq
2023-06-07 15:30:43  • 5 mins

It has been about a month since the last earnings report for International Flavors (IFF). Shares have lost about 10.5% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is International Flavors due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

International Flavors Q1 Earnings Miss, View Declines

International Flavors reported adjusted earnings of 87 cents per share in first-quarter 2023, missing the Zacks Consensus Estimate of 89 cents. The bottom line declined 49% from the year-ago quarter.

Including one-time items, the company reported a loss of 4 cents against the prior-year quarters earnings per share (EPS) of 96 cents.

International Flavors net sales were $3,027 million in the March-end quarter, decreasing 6% year over year. The downside resulted from lower volumes across most segments. The top line surpassed the Zacks Consensus Estimate of $3,016 million. In the January-March quarter, currency-neutral sales grew 1% year over year.

Continue read on

In trading on Monday, the iShares Expanded Tech Sector ETF is outperforming other ETFs, up about 1.3% on the day. Components of that ETF showing particular...
Logo NasdaqNasdaq
2023-10-02 16:01:39  • 1 min
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022 A...
Logo Channel NewsAsiaChannel NewsAsia
2023-10-02 21:47:50  • 1 min
Consumer stocks were lower late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) falling 0.9% and the Consumer Discretionary Select...
Logo NasdaqNasdaq
2023-10-02 19:41:42  • 1 min
The iShares S&P Mid-Cap 400 Value ETF is seeing unusually high volume in afternoon trading Monday, with over 851,000 shares traded versus three month...
Logo NasdaqNasdaq
2023-10-02 17:04:55  • 1 min
Consumer stocks were slipping premarket Tuesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) recently down 0.4% and the Consumer Discretionary...
Logo NasdaqNasdaq
2023-10-03 13:20:31  • 1 min
For Immediate Release Chicago, IL October 3, 2023 Zacks Equity Research shares AppLovin Corp. APP as the Bull of the Day and Gildan Activewear Inc. GIL as...
Logo NasdaqNasdaq
2023-10-03 12:53:00  • 2 mins
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-10-02 15:47:26  • 1 min
European stocks were broadly lower on Tuesday as inflation and interest-rate worries persisted. U.K. stocks were seeing modest gains on the back of a weaker...
Logo RTTNewsRTTNews
2023-10-03 09:38:29  • 1 min
What happened It had already been a rough year for 3M (NYSE: MMM) heading into September, and the stock continued to swoon as the company warned of sluggish...
Logo NasdaqNasdaq
2023-10-02 21:18:54  • 1 min
What happened Shares of (NYSE: AI) took a dive last month after the "AI for the enterprise" company posted disappointing results in its fiscal...
Logo NasdaqNasdaq
2023-10-03 01:52:38  • 1 min
It's literally never been a worse time to be a shareholder of discount-retail chain Dollar General (NYSE: DG). The company went public in 2009, and until...
Logo NasdaqNasdaq
2023-10-03 13:53:00  • 1 min
What happened Ebet (NASDAQ: EBET) stock is seeing big sell-offs in Monday's trading. The online-gambling specialist's share price was down 27.4% as of 10:30...
Logo NasdaqNasdaq
2023-10-02 15:25:25  • 1 min
(RTTNews) - Asian stocks fell sharply to reach their lowest this year on Tuesday after comments from some Federal Reserve officials suggested that the U.S....
Logo NasdaqNasdaq
2023-10-03 08:40:21  • 1 min
There are many types of investing styles deployed within the market. Some investors prefer to target income, and some prefer value. As many know, growth...
Logo NasdaqNasdaq
2023-10-02 22:33:00  • 1 min
September is historically the worst month of the year for stocks. This year was no exception. All three key indexes recorded losses this month. The S&P...
Logo NasdaqNasdaq
2023-10-03 12:35:00  • 1 min
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Communication Services...
Logo NasdaqNasdaq
2023-10-02 15:08:59  • 1 min
What happened Shares of Enbridge (NYSE: ENB) fell as much as 4.5% today before recovering to a more mild 3.6% loss by the end of Monday trading. Even though...
Logo NasdaqNasdaq
2023-10-02 21:05:35  • 1 min
Indian shares ended Tuesday's session modestly lower, reflecting weak global sentiment. Global cues were sluggish, the dollar scaled an 11-month peak against...
Logo RTTNewsRTTNews
2023-10-03 10:25:35  • 1 min
Financial stocks were declining premarket Tuesday with the Financial Select Sector SPDR Fund ( XLF ) 0.5% lower recently. The Direxion Daily Financial Bull...
Logo NasdaqNasdaq
2023-10-03 13:25:01  • 1 min
Global markets are facing a downturn on Tuesday, with early trends suggesting that Wall Street could open lower. The Dow futures were down 129.00 points, the...
2023-10-03 14:19:37  • 1 min