Ingredion Incorporated (NYSE: INGR) has announced that it will be unveiling its third quarter financial results on Tuesday 5th November 2024. This eagerly anticipated announcement is scheduled to occur before market open, ensuring that investors and analysts have the opportunity to gain valuable insights into the company's performance during the quarter.
As per the projections made by financial experts on Wall Street, the enterprise is expected to announce an estimated $2.58 profit per share for the quarter. Moreover, the firm is likely to disclose a quarterly revenue of $1.94 billion.
The projections from Wall Street analysts indicate that the company is expected to generate a total revenue of $7.68 billion for the full year. Moreover, they anticipate the earnings per share to reach profit of $9.97 during the fiscal year.
The per-share income of $2.33 was highlighted in the company's earnings report for the same quarter of the prior year. This notable figure was achieved due to the company's impressive total revenue of $2.03 billion recorded during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.87 | +23.7% | 1.88 B | -9.2% |
| Q1 2024 | $2.08 | -25.7% | 1.88 B | -11.9% |
| Q4 2023 | $1.97 | +19.4% | 1.92 B | -3.3% |
| Q3 2023 | $2.33 | +34.7% | 2.03 B | +0.5% |
| Q2 2023 | $2.32 | +9.4% | 2.07 B | +1.2% |
| *Growth on year-over-year basis | ||||
In addition, The firm will review the third quarter financial results on 5th November 2024 at 09:00 AM eastern time, in a conference call with public.
Friday's trading saw Ingredion Incorporated (INGR) shares hit a low of $133.19 and a high of $134.68, with a day volume of 258.10 thousand shares. The stock closed the regular trading session at $133.77, demonstrating 0.76 percent rise.
