Ingredion Incorporated (NYSE:INGR) is reporting third quarter earnings results on Monday 2nd November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.45 per share.
For the full year, analysts predict revenues of $ 5906.48 million, while looking forward to income of $ 5.66 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 6.60 ~ $ 7.20 per share
Click Here For More Historical Outlooks Of Ingredion Incorporated
Previous Quarter Performance
Ingredion Incorporated posted income for the second quarter of $ 1.12 per share, from the revenue of $ 1,349.00 million. The quarterly earnings contracted 32.53 percent while revenues declined 5.93 percent compared with the same quarter last year.
Street analysts expected Ingredion Incorporated to report income of $ 1.35 per share on revenue of $ 1372.90 million for the second quarter. The bottom line results missed street analysts by $ 0.23 or 17.04 percent, at the same time, top line results fell short of analysts by $ 23.9 million or 1.74 percent.
Stock Performance
On Friday, shares of Ingredion Incorporated has traded high as $ 71.95 and has cracked $ 69.83 on the downward trend, reaching $ 70.89 with volume of 848.20 thousand shares.
According to the previous trading day, closing price of $ 70.89, representing a 21.16 % increase from the 52 week low of $ 59.11 and a 28.03 % decrease over the 52 week high of $ 99.51.
The company has a market capital of $ 4.82 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Conference Call
Ingredion Incorporated will be hosting a conference call at 9:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ingredion.com
Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.
