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International Flavors (IFF) Q3 Earnings: What to Expect?
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International Flavors & Fragrances Inc. (IFF - Free Report) is scheduled to report third-quarter 2016 results on Nov 8, after the market closes. The Zacks Consensus Estimate for the quarter is pegged at $1.44.
In the four trailing quarters, International Flavors & Fragrances reported better-than-expected results in three while lagging in one. Average earnings surprise was a positive 0.70%. Last quarter, the company’s earnings of $1.47 per share surpassed the Zacks Consensus Estimate of $1.41 by 4.3%.
Let us see how things are shaping up for International Flavors & Fragrances this quarter.
Factors to Affect Q3 Results
With operations spanning globally, International Flavors & Fragrances’ performance is highly exposed to risks arising from uncertainties in some developed and developing nations. In July, the global economic growth forecast for 2016 was revised down to 3.1% by the International Monetary Fund. Further, unfavorable movements in foreign currencies add to the woes, remaining a concern for the company’s international trade.
Narrowing down to the micro issues, International Flavors & Fragrances faces risks from headwinds including intense competition in the industry, disruptions in the supply or quality of ingredients or rising prices of ingredients purchased and failure or delay in research and development.
However, a solid product portfolio, large client base and capital allocation policy is expected to work in International Flavors & Fragrances’ favor. Also, the company might benefit from its acquired assets in the past few quarters. In addition, the company remains committed on rewarding its shareholders handsomely through dividend payments and share buybacks.
Earnings Whispers
Our proven model does not conclusively show that International Flavors & Fragrances will be able to pull an earnings surprise this quarter. The stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for an earnings beat. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises. That is not the case here as you will see below.
This is not the case with International Flavors & Fragrances as you will see below.
Zacks ESP: International Flavors & Fragrances currently has an Earnings ESP of 0.00%, with both the Most Accurate estimate and the Zacks Consensus Estimate pegged at $1.41.
Zacks Rank: International Flavors & Fragrances currently carries a Zacks Rank #2, which when combined with a 0.00% Earnings ESP, makes prediction of a possible earnings beat difficult.
Note that we caution against stocks with Zacks Rank #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Other Stocks to Consider
Here are some other companies that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Minerals Technologies Inc. (MTX - Free Report) , with an Earnings ESP of +0.86% and a Zacks Rank #2.
Valvoline Inc. (VVV - Free Report) , with an Earnings ESP of +3.13% and a Zacks Rank #3.
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International Flavors (IFF) Q3 Earnings: What to Expect?
International Flavors & Fragrances Inc. (IFF - Free Report) is scheduled to report third-quarter 2016 results on Nov 8, after the market closes. The Zacks Consensus Estimate for the quarter is pegged at $1.44.
In the four trailing quarters, International Flavors & Fragrances reported better-than-expected results in three while lagging in one. Average earnings surprise was a positive 0.70%. Last quarter, the company’s earnings of $1.47 per share surpassed the Zacks Consensus Estimate of $1.41 by 4.3%.
Let us see how things are shaping up for International Flavors & Fragrances this quarter.
Factors to Affect Q3 Results
With operations spanning globally, International Flavors & Fragrances’ performance is highly exposed to risks arising from uncertainties in some developed and developing nations. In July, the global economic growth forecast for 2016 was revised down to 3.1% by the International Monetary Fund. Further, unfavorable movements in foreign currencies add to the woes, remaining a concern for the company’s international trade.
Narrowing down to the micro issues, International Flavors & Fragrances faces risks from headwinds including intense competition in the industry, disruptions in the supply or quality of ingredients or rising prices of ingredients purchased and failure or delay in research and development.
However, a solid product portfolio, large client base and capital allocation policy is expected to work in International Flavors & Fragrances’ favor. Also, the company might benefit from its acquired assets in the past few quarters. In addition, the company remains committed on rewarding its shareholders handsomely through dividend payments and share buybacks.
Earnings Whispers
Our proven model does not conclusively show that International Flavors & Fragrances will be able to pull an earnings surprise this quarter. The stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for an earnings beat. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises. That is not the case here as you will see below.
This is not the case with International Flavors & Fragrances as you will see below.
Zacks ESP: International Flavors & Fragrances currently has an Earnings ESP of 0.00%, with both the Most Accurate estimate and the Zacks Consensus Estimate pegged at $1.41.
Zacks Rank: International Flavors & Fragrances currently carries a Zacks Rank #2, which when combined with a 0.00% Earnings ESP, makes prediction of a possible earnings beat difficult.
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Note that we caution against stocks with Zacks Rank #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Other Stocks to Consider
Here are some other companies that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Minerals Technologies Inc. (MTX - Free Report) , with an Earnings ESP of +0.86% and a Zacks Rank #2.
Green Plains Inc. (GPRE - Free Report) , with an Earnings ESP of +11.11% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Valvoline Inc. (VVV - Free Report) , with an Earnings ESP of +3.13% and a Zacks Rank #3.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>