Ingredion Inc expected to post earnings of $1.95 a share - Earnings Preview
03/11/2023 19:36
* Ingredion Inc INGR.N INGR.K is expected to show a rise
in
quarterly revenue when it reports results on November 7.
* The Westchester Illinois-based company is expected to
report a
4.5% increase in revenue to $2.114 billion from $2.02 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data. The company's guidance on August 8 2023, for the
period ended September 30, was for revenue between $2.10 billion
and $2.14 billion.
* Refinitiv's mean analyst estimate for Ingredion Inc is
for
earnings of $1.95 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
$118.5, above its last closing price of $94.89.
The company's guidance on August 8 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD206.28 million and USD213.92 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
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. 30 2022 1.63 1.62 1.73 Beat 7
Jun. 1.94 1.94 2.12 Beat 9
30 2022
Mar. 31 2022 1.79 1.81 1.95 Beat 7.9
Dec. 31 2021 1.26 1.29 1.09 Missed -15.5
Sep. 30 2021 1.46 1.45 1.67 Beat 15.5
This summary was machine generated November 3 at 19:36 GMT. All
figures in US dollars unless otherwise stated