Ingredion (NYSE:INGR) reported its Q4 earnings results on Thursday, February 3, 2022 at 06:05 AM.
Here's what investors need to know about the announcement.
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Earnings
Ingredion missed estimated earnings by 17.42%, reporting an EPS of $1.09 versus an estimate of $1.32, which surprised analysts.
Revenue was up $162.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.22, which was followed by a 3.71% increase in the share price the next day.
Here's a look at Ingredion's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.45 | 1.55 | 1.62 | 1.46 |
| EPS Actual | 1.67 | 2.05 | 1.85 | 1.75 |
| Revenue Estimate | 1.73B | 1.70B | 1.58B | 1.57B |
| Revenue Actual | 1.76B | 1.76B | 1.61B | 1.59B |
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 their next quarter, expecting earnings between $6.85 and $7.45 per share for the next quarter.
This represents a 555.96% in quarter-over-quarter growth for Ingredion, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
