International Flavors & Fragrances Inc reports results for the quarter ended March 31 - Earnings Summary

• International Flavors & Fragrances Inc IFF.N reported quarterly adjusted earnings of $1.20​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.13. The mean expectation of thirteen analysts for the quarter was for earnings of $1.14 per share. Wall Street expected results to range from $1.09 to $1.22 per share.

• Revenue fell 1.9% to $2.84 billion from a year ago; analysts expected $2.83 billion.

• International Flavors & Fragrances Inc's reported EPS for the quarter was a loss of $3.98​.

• The company reported a quarterly loss of $1.02 billion.

• International Flavors & Fragrances Inc shares had risen by 2.0% this quarter and lost 6.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 4 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for International Flavors & Fragrances Inc is $89.00

This summary was machine generated from LSEG data May 7 at 01:04 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)