Ingredion Inc expected to post earnings of $2.01 a share - Earnings Preview

Ingredion

01/05/2023 19:32

* Ingredion Inc  INGR.N   INGR.K  is expected to show a rise
in
quarterly revenue when it reports  results on May 3. 
    * The Westchester Illinois-based  company is expected to
report  a
15.3% increase in revenue to $2.181 billion from $1.89 billion a
year ago, according to the mean estimate from 4 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ingredion Inc is
for
earnings of $2.01 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Ingredion
Inc is
$115​, above​ its last closing price of $106.17. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  1.45        1.45       1.65      Beat    14
 Sep. 30 2022  1.63        1.62       1.73      Beat    7
 Jun. 30 2022  1.94        1.94       2.12      Beat    9​
 Mar. 31 2022  1.79        1.81       1.95      Beat    7.9
 ​​Dec.        1.26        1.29       1.09      Missed  -15.5
 31 2021                                                
 Sep. 30 2021  1.46        1.45       1.67      Beat    15.5​
 Jun. 30 2021  1.55        1.59       2.05      Beat    28.9
 Mar. 31 2021  1.61        1.62       1.85      Beat    14.1
 This summary was machine generated May 1 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated