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INGRBearishEarningsnews
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Ingredion (INGR) Meets Q1 Earnings Estimates

May 8, 2024, 8:22 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Ingredion reported Q1 earnings of $2.08 per share, in line with estimates. - Revenues of $1.88 billion for the quarter missed estimates by 3.59%. - Stock performance dependent on management's commentary and future earnings outlook. - Ingredion shares have risen 7.4% YTD, underperforming the S&P 500. - Earnings estimate revisions for Ingredion are mixed, translating to a Zacks Rank #3 (Hold). Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Ingredion reported Q1 earnings of $2.08 per share, in line with estimates.
  • Revenues of $1.88 billion for the quarter missed estimates by 3.59%.
  • Stock performance dependent on management's commentary and future earnings outlook.
  • Ingredion shares have risen 7.4% YTD, underperforming the S&P 500.
  • Earnings estimate revisions for Ingredion are mixed, translating to a Zacks Rank #3 (Hold).

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