Food ingredient solutions provider Ingredion (NYSE: INGR) will be reporting results this Thursday morning. Here’s what to look for.
Ingredion beat analysts’ revenue expectations last quarter, reporting revenues of $1.85 billion, flat year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ gross margin estimates.
Is Ingredion a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Ingredion’s revenue to be flat year on year, improving from the 2.9% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Ingredion has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Ingredion’s peers in the ingredients, flavors & fragrances segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Bunge Global delivered year-on-year revenue growth of 7.4%, beating analysts’ expectations by 5.6%, and Archer-Daniels-Midland reported revenues up 9.6%, falling short of estimates by 0.9%. Bunge Global traded down 4.1% following the results.
Read our full analysis of Bunge Global’s results here and Archer-Daniels-Midland’s results here.
There has been positive sentiment among investors in the ingredients, flavors & fragrances segment, with share prices up 7% on average over the last month. Ingredion’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $119.50 (compared to the current share price of $96.82).
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
