Ingredion Inc reports results for the quarter ended June 30 - Earnings Summary
01/08/2025 15:31
Ingredion Inc INGR.N reported quarterly adjusted earnings of $2.87 per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of six analysts for the quarter was for earnings of $2.79 per share. Wall Street expected results to range from $2.78 to $2.82 per share. Revenue fell 2.4% to $1.83 billion from a year ago; analysts expected $1.89 billion. Ingredion Inc's reported EPS for the quarter was $2.99. The company reported quarterly net income of $196 million. Ingredion Inc shares had fallen by 3.0% this quarter and lost 4.4% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had fallen by about 4% in the last three months. In the last 30 days, there have been no negative revisions of earnings estimates RECOMMENDATIONS The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy" Wall Street's median 12-month price target for Ingredion Inc is $147.00, about 10.5% above its last closing price of $131.54 This summary was machine generated from LSEG data August 1 at 02:30 p.m. UTC. 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)
| QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
| Jun. 30 2025 | 2.79 | 2.87 | Beat |
| Mar. 31 2025 | 2.41 | 2.97 | Beat |
| Dec. 31 2024 | 2.57 | 2.63 | Beat |
| Sep. 30 2024 | 2.58 | 3.05 | Beat |