Ingredion (NYSE:INGR) reported its Q1 earnings results on Thursday, May 5, 2022 at 06:05 AM.
Here's what investors need to know about the announcement.
Earnings
Ingredion beat estimated earnings by 7.73%, reporting an EPS of $1.95 versus an estimate of $1.81.
Revenue was up $278.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.23 which was followed by a 1.83% drop in the share price the next day.
Here's a look at Ingredion's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.32 | 1.45 | 1.55 | 1.62 |
| EPS Actual | 1.09 | 1.67 | 2.05 | 1.85 |
| Revenue Estimate | 1.75B | 1.73B | 1.70B | 1.58B |
| Revenue Actual | 1.75B | 1.76B | 1.76B | 1.61B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Ingredion management provided guidance for FY 2022, expecting earnings between $6.85 and $7.45 per share.
To track all earnings releases for Ingredion visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
