International Flavors & Fragrances (IFF) Reports Earnings Tomorrow: What To Expect

Flavor and fragrance producer IFF (NYSE:IFF) will be announcing earnings results this Tuesday after the bell. Here’s what investors should know.

International Flavors & Fragrances beat analysts’ revenue expectations last quarter, reporting revenues of $2.74 billion, down 3.6% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ organic revenue estimates.

Is International Flavors & Fragrances a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting International Flavors & Fragrances’s revenue to decline 5.7% year on year, a further deceleration from the 4.3% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. International Flavors & Fragrances has a history of exceeding Wall Street’s expectations.

Looking at International Flavors & Fragrances’s peers in the consumer staples segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Darling Ingredients delivered year-on-year revenue growth of 16.4%, beating analysts’ expectations by 0.5%, and Bunge Global reported revenues up 88.3%, topping estimates by 9.3%. Darling Ingredients traded up 3.4% following the results while Bunge Global was down 10.5%.

Read our full analysis of Darling Ingredients’s results here and Bunge Global’s results here.

Investors in the consumer staples segment have had steady hands going into earnings, with share prices flat over the last month. International Flavors & Fragrances is down 4.3% during the same time and is heading into earnings with an average analyst price target of $91.54 (compared to the current share price of $79.22).

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