Corn Products International First Quarter Earnings Sneak Peek

Corn Products International Inc (NYSE:CPO) will unveil its latest earnings on Tuesday, May 1, 2012. Corn Products International, together with its subsidiaries, manufactures and sells a number of ingredients to a variety of food and industrial customers.

Corn Products International Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.21 per share, a decline of 5.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.26. Between one and three months ago, the average estimate moved down. It also has dropped from $1.22 during the last month. Analysts are projecting profit to rise by 10.5% compared to last year’s $5.17.

Past Earnings Performance: Last quarter, the company met expectations by reporting profit of $1.11 per share last quarter. In the previous third quarter of the last fiscal year, the company beat estimates by 10 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8.9% in revenue from the year-earlier quarter to $1.59 billion.

Analyst Ratings: Analysts are optimistic about this stock, with seven analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 84% to $95.3 million ($1.22 a share) from $51.8 million (67 cents a share) the year earlier, meeting analyst expectations. Revenue rose 9.9% to $1.55 billion from $1.41 billion.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose more than twofold in the second quarter of the last fiscal year and more than twofold in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 55.7% in the first quarter of the last fiscal year, 58% in the second quarter of the last fiscal year and 59.7% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 30, 2012 and April 25, 2012, the stock price rose $2.19 (4%), from $55.09 to $57.28. The stock price saw one of its best stretches over the last year between December 14, 2011 and December 23, 2011, when shares rose for eight straight days, increasing 8.7% (+$4.21) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 6.1% (-$3.19) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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