Ingredion Inc expected to post earnings of $2.06 a share - Earnings Preview
06/05/2024 18:43
* Ingredion Inc INGR.N INGR.K is expected to show a fall
in
quarterly revenue when it reports results on May 8 for the
period ending March 31 2024
* The Westchester Illinois-based company is expected to
report a
5.9% decrease in revenue to $2.011 billion from $2.14 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.The company's guidance on February 6 2024, for the
period ended March 31, was for revenue between $2.01 billion and
$2.05 billion.
* LSEG's mean analyst estimate for Ingredion Inc is for
earnings
of $2.06 per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"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
$127.50, above its last closing price of $114.56.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 1.86 1.87 1.97 Beat 5.6
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. 1.45 1.65 14
31 2022
Jan. 1 0001 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
This summary was machine generated May 6 at 17:43 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)