Ingredion Q4 Adj EPS $1.97 Beats $1.87 Estimate, Sales $1.92B Miss $2.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ingredion (NYSE:INGR) reported Q4 adjusted EPS of $1.97, surpassing the $1.87 estimate, marking a 19.39% increase from last year. However, sales of $1.92B fell short of the $2.07B estimate, a 3.32% decrease from the previous year.
February 06, 2024 | 11:08 am
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Ingredion's Q4 adjusted EPS exceeded expectations at $1.97, a 19.39% YOY increase, but sales of $1.92B missed estimates, down 3.32% YOY.
While Ingredion's EPS beat may positively impact investor sentiment, the miss on sales forecasts could temper optimism. The mixed results present a neutral short-term outlook, as the earnings beat suggests operational efficiency, but the sales miss raises concerns about demand or market challenges.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100