What Can You Anticipate From Ingredion’s (INGR) Fourth Quarter Earnings

Ingredion Set to Announce Earnings: What Investors Should Know

Ingredion (NYSE: INGR), a company specializing in food ingredient solutions, is scheduled to release its earnings report this Tuesday before the market opens. Here’s a summary of key points for investors.

In the previous quarter, Ingredion’s revenue came in at $1.82 billion, representing a 2.9% decline compared to the same period last year and falling 4% short of analysts’ forecasts. The company also missed expectations for EBITDA, signaling a weaker performance overall.

Should You Buy or Sell Ingredion Before Earnings?

Curious about whether Ingredion is a good investment ahead of its earnings release?

Analyst Expectations for This Quarter

For the upcoming quarter, analysts predict Ingredion’s revenue will remain steady year over year at $1.79 billion, a notable improvement from the 6.3% drop seen in the same quarter last year. Adjusted earnings per share are projected to reach $2.61.

Ingredion Total Revenue

Over the past month, analysts have largely maintained their forecasts, indicating they expect Ingredion’s performance to remain consistent as earnings approach.

Industry Peers: Recent Results

Several companies in the consumer staples sector have already released their fourth-quarter results, offering some context for Ingredion’s upcoming report. Constellation Brands posted a 9.8% year-over-year revenue decrease but exceeded analyst expectations by 2.9%. Meanwhile, Cal-Maine’s revenue dropped 19.4%, missing estimates by 3.2%. Following these announcements, Constellation Brands’ stock rose 5.3%, while Cal-Maine’s shares declined by 4.6%.

• Read the full analysis of Constellation Brands’ results
• See the detailed review of Cal-Maine’s performance

Market Sentiment and Price Targets

The consumer staples sector has seen positive momentum recently, with average share prices climbing 8.7% over the past month. Ingredion’s stock has gained 7% in the same period. Analysts currently have an average price target of $124.33 for Ingredion, compared to its latest share price of $118.14.

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