On Tuesday, August 03, Ingredion INGR will release its latest earnings report. Decipher the announcement with Benzinga's help.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Analysts covering Ingredion modeled for quarterly EPS of $1.55 on revenue of $1.70 billion. In the same quarter last year, Ingredion posted EPS of $1.12 on sales of $1.35 billion.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
If the company were to post earnings in line with the consensus estimate when it reports Tuesday, EPS would be up 38.39%. Revenue would be up 26.02% from the year-ago period. Ingredion's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.62 | 1.46 | 1.45 | 1.35 |
| EPS Actual | 1.85 | 1.75 | 1.77 | 1.12 |
| Revenue Estimate | 1.58 B | 1.57 B | 1.47 B | 1.37 B |
| Revenue Actual | 1.61 B | 1.59 B | 1.50 B | 1.35 B |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Ingredion were trading at $87.81 as of July 30. Over the last 52-week period, shares are up 17.0%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Ingredion is scheduled to hold the call at 09:00:00 ET and can be accessed here.
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