Ingredion Inc reports results for the quarter ended in December - Earnings Summary

Ingredion

08/02/2023 15:31

* Ingredion Inc  INGR.N  reported quarterly adjusted
earnings of
$1.71​​ per share for the quarter ended in December. The mean
expectation of five analysts for the quarter was for earnings of
$1.45 per share.
    * Revenue rose 13.2% to $1.99 billion from a year ago;
analysts
expected $2.04 billion. 
    * Ingredion Inc's reported EPS for the quarter was $1.65​.
    * The mean earnings estimate of analysts had risen by
about 4.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Ingredion Inc shares had risen by 2.8% this quarter.
    * The company reported quarterly net income of $114 million.
    * Wall Street's median 12-month price target for Ingredion
Inc is
$105.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
8 at 03:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.45           1.71           Beat
 Sep. 30 2022      1.62           1.73           Beat
 Jun. 30 2022      1.94           2.12           Beat
 Mar. 31 2022      1.81           1.95           Beat