Corn Products International Inc. Fourth Quarter Earnings Sneak Peek

Corn Products International, Inc. (NYSE:CPO) will unveil its latest earnings on Thursday, February 9, 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 estimate of analysts is for net income of $1.11 per share, a rise of 5.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 44.8% versus last year to $4.69.

Last quarter, the company came in at profit of $1.20 per share against a mean estimate of net income of $1.10 per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 3 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 15.6% in revenue from the year-earlier quarter to $1.63 billion.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, profit rose more than twofold to $87.7 million ($1.12 a share) from $36.9 million (48 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 59.7% to $1.63 billion from $1.02 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 55%, with the biggest boost coming in the most recent quarter when revenue rose 59.7% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose more than twofold in the second quarter and more than threefold in the first quarter.

Stock Price Performance: During November 7, 2011 to February 3, 2012, the stock price had risen $4.77 (9.3%) from $51.25 to $56.02. 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, rising 8.8% (+$4.23) 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, falling 6.1% (-$3.20) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com