Ingredion Inc expected to post earnings of $2.49 a share - Earnings Preview

Ingredion

02/08/2024 18:49

* Ingredion Inc  INGR.N   INGR.K  is expected to show a fall
in
quarterly revenue when it reports  results on August 6 for the
period ending January 1 0001
    * The Westchester Illinois-based  company is expected to
report a
4.3% decrease in revenue to $1.98 billion from $2.07 billion a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.The company's guidance on May 8 2024, for the
period ended June 30, was for revenue between $2.03 billion and
$2.07 billion.
    * ​LSEG's mean analyst estimate for Ingredion Inc is for
earnings
of $2.49 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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
$126.00​, above​ its last closing price of $123.34. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD256.02
million and USD263.55 million.
This summary was machine generated August 2 at 17:49 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)