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How IFF Stock Has Performed since Its Q2 Earnings

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International Flavors and Fragrances

International Flavors and Fragrances (IFF) is scheduled to announce its third-quarter earnings on November 5 after the market closes. The company plans to hold a conference call at 10:00 AM EST on November 6 to discuss results with investors. In this series, we’ll discuss International Flavors and Fragrances’ stock performance since its second-quarter earnings. We’ll also discuss analysts’ revenue and EPS estimates, the latest recommendations, short interest, and institutional holdings.

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Since International Flavors and Fragrances declared its second-quarter earnings on August 7, the stock price has gained 7.6%. Peers Sensient Technologies (SXT) and Estée Lauder (EL) have declined 4.8% and 3%, respectively, while Clorox (CLX) has gained 8.0%, respectively. International Flavors and Fragrances has outperformed its peers with the exception of Clorox. The company also outperformed the broader market S&P 500 (SPY), which has fallen 6.1%.

International Flavors and Fragrances has completed the acquisition of Frutarom. As a result, investors will watch International Flavors and Fragrances’ revenue and earnings growth. The company will likely continue its trend of outperforming analysts’ expectations in its third-quarter earnings. After falling from a high of $156.87, the stock recovered after its second-quarter earnings. Better-than-expected third-quarter earnings could help the stock increase.

Moving averages

The recovery in International Flavors and Fragrances’ stock price caused the stock to trade 9.5% above its 100-day moving average price of $131.82, which indicates positiveness in the stock. However, investors should be careful. International Flavors and Fragrances’ relative strength index of 65 indicates that the stock is moving closer to the “overbought” position.

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