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

Ingredion

03/05/2023 14:33

* Ingredion Inc  INGR.N  reported quarterly adjusted
earnings of
$2.80​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
$2.01 per share.
    * Revenue rose 12.9% to $2.14 billion from a year ago;
analysts
expected $2.18 billion. 
    * Ingredion Inc's reported EPS for the quarter was $2.85​.
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Ingredion Inc shares had risen by 3.9% this quarter and
gained 7.9% so far this year.
    * The company reported quarterly net income of $191 million.
    * Wall Street's median 12-month price target for Ingredion
Inc is
$115.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
3 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      2.01           2.80           Beat
 Dec. 31 2022      1.45           1.65           Beat
 Sep. 30 2022      1.62           1.73           Beat
 Jun. 30 2022      1.94           2.12           Beat