Ingredion Inc expected to post earnings of $2.33 a share - Earnings Preview

Ingredion

04/08/2023 17:06

* Ingredion Inc  INGR.N   INGR.K  is expected to show a rise
in
quarterly revenue when it reports  results on August 8. 
    * The Westchester Illinois-based  company is expected to
report  a
7.6% increase in revenue to $2.198 billion from $2.04 billion a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. The company's guidance on May 3 2023, for the
period ended June 30, was for revenue between $2.13 billion and
$2.17 billion.
    * ​Refinitiv's mean analyst estimate for Ingredion Inc is
for
earnings of $2.33 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ingredion
Inc is
$125​, above​ its last closing price of $110.87. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  2.02        2.01       2.80      Beat    39.2
 Dec. 31 2023  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.        1.79        1.81       1.95      Beat    7.9
 31 2022                                                
 Dec. 31 2021  1.26        1.29       1.09      Missed  -15.5​
 Sep. 30 2021  1.46        1.45       1.67      Beat    15.5
 Jun. 30 2021  1.55        1.59       2.05      Beat    28.9
 This summary was machine generated August 4 at 16:06 GMT.  All
figures in US dollars  unless otherwise stated