Ingredion Earnings: Here’s Why the Stock is Up Now

Ingredion Incorporated (NYSE:INGR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.24%.

Ingredion Incorporated Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 9.77% to $1.20 in the quarter versus EPS of $1.33 in the year-earlier quarter.

Revenue: Decreased 0.12% to $1.63 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ingredion Incorporated reported adjusted EPS income of $1.20 per share. By that measure, the company beat the mean analyst estimate of $1.17. It beat the average revenue estimate of $1.62 billion.

Quoting Management: “After delivering very strong results on a consistent basis over many years, our second quarter was disappointing as we saw EPS fall and, as we previously announced, we brought down the outlook for our full year,” said Ilene Gordon, chairman, president and chief executive officer. “The shortfall and lowered outlook is the result of a challenging macro environment, particularly in South America where Argentina has seen a sharp acceleration of economic headwinds.”

Key Stats (on next page)…

EPS decreased 14.89% from $1.41 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.52 to a profit $1.30. For the current year, the average estimate has moved down from a profit of $5.84 to a profit of $5.25 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]