Ingredion Inc expected to post earnings of $1.87 a share - Earnings Preview

Ingredion

02/02/2024 15:24

* Ingredion Inc  INGR.N   INGR.K  is expected to show a rise
in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2023
    * The Westchester Illinois-based  company is expected to
report a
4.3% increase in revenue to $2.073 billion from $1.99 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Ingredion Inc is for
earnings
of $1.87 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ingredion
Inc is
$121.00​, above​ its last closing price of $111.08. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.95        1.95       2.33      Beat    19.8
 Jun. 30 2023  2.33        2.33       2.32      Missed  -0.5
 Mar. 31 2023  2.02        2.01       2.80      Beat    39.2​
 Dec. 31 2022  1.45        1.45       1.65      Beat    14
 ​​Sep.        1.63        1.62       1.73      Beat    7
 30 2022                                                
 Jun. 30 2022  1.94        1.94       2.12      Beat    9​
 Mar. 31 2022  1.79        1.81       1.95      Beat    7.9
 Dec. 31 2021  1.26        1.29       1.09      Missed  -15.5
 This summary was machine generated February 2 at 15:24 GMT.  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)