Corn Products International, Inc. Second Quarter Earnings Sneak Peek

Corn Products International, Inc. (NASDAQ:CPO) will unveil its latest earnings on Thursday, July 28, 2011. Corn Products International, Inc. 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 profit of $1.13 per share, a rise of 50.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.02. Between one and three months ago, the average estimate moved up, and has risen from $1.11 during the last month. For the year, analysts are projecting net income of $4.62 per share, a rise of 42.6% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 36 cents, reporting profit of $1.28 per share against a mean estimate of net income of 92 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.52 billion in revenue this quarter, a rise of 52% from the year ago quarter. Analysts are forecasting total revenue of $6.14 billion for the year, a rise of 40.5% from last year’s revenue of $4.37 billion.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and three rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 55.7% to $1.46 billion in first quarter. The figure rose 46.8% in the fourth quarter of the last fiscal year from the year earlier, climbed 5% in the third quarter of the last fiscal year from the year-ago quarter and 10% in the second quarter of the last fiscal year.

Competitors to Watch: Archer Daniels Midland Co. (NYSE:ADM), Bunge Limited (NYSE:BG), MGP Ingredients, Inc. (NASDAQ:MGPI), Darling International Inc. (NYSE:DAR), SunOpta, Inc. (NASDAQ:STKL).

Stock Price Performance: During June 23, 2011 to July 22, 2011, the stock price had risen $5.21 (9.7%) from $53.91 to $59.12. The stock price saw one of its best stretches over the last year between September 7, 2010 and September 20, 2010 when shares rose for 10-straight days, rising 12.8% (+$4.35) over that span. It saw one of its worst periods between December 20, 2010 and December 29, 2010 when shares fell for seven-straight days, falling 1.8% (-84 cents) over that span. Shares are up $13.39 (+29.3%) year to date.

(Source: Xignite Financials)

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