Corn Products International Inc. Third Quarter Earnings Sneak Peek

Corn Products International, Inc. (NYSE:CPO) will unveil its latest earnings on Thursday, October 27, 2011. 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 profit of $1.10 per share, a rise of 35.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.11. Between one and three months ago, the average estimate moved down. It has risen from $1.08 during the last month. Analysts are projecting profit to rise by 39.5% versus last year to $4.52.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported net income of $1.10 per share versus a mean estimate of profit of $1.13 per share. In the first quarter, the company beat estimates by 36 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 53.9% in revenue from the year-earlier quarter to $1.57 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.

A Look Back: In the second quarter, profit rose more than twofold to $79.3 million ($1.01 a share) from $36.8 million (48 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 58% to $1.58 billion from $1 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 55.7% in the first quarter from the year earlier, climbed 46.8% in the fourth quarter of the last fiscal year from the year-ago quarter and 5% in the third quarter of the last fiscal year.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 82.9%. The quarter with the biggest boost was the first quarter, which saw a more than threefold surge.

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), Mosaic (NYSE:MOS), Potash (NYSE:POT), Agrium (NYSE:AGU) and CF Industries (NYSE:CF).

Stock Price Performance: During September 23, 2011 to October 21, 2011, the stock price had risen $5.48 (13.8%) from $39.84 to $45.32. The stock price saw one of its best stretches over the last year between April 25, 2011 and May 2, 2011 when shares rose for six-straight days, rising 4.4% (+$2.33) over that span. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven-straight days, falling 14.3% (-$8.44) over that span. Shares are down 23 cents (-0.5%) year to date.

(Source: Xignite Financials)

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