Ingredion Sees FY24 Adj. EPS $9.20-$9.85 vs $9.66 Est.
Portfolio Pulse from Benzinga Newsdesk
Ingredion projects its FY24 adjusted EPS to be in the range of $9.20-$9.85, compared to the estimated $9.66.
May 08, 2024 | 10:05 am
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NEUTRAL IMPACT
Ingredion's FY24 adjusted EPS projection ranges from $9.20 to $9.85, against an estimate of $9.66.
Ingredion's projected EPS for FY24 is within a range that includes the current estimate of $9.66, suggesting a neutral to slightly positive outlook. The projection indicates management's confidence in the company's performance, but since the range includes values both below and above the estimate, the immediate market reaction could be mixed. The relevance is high as the forecast directly pertains to Ingredion's financial performance, and the importance is significant for investors focusing on earnings growth. The confidence in this analysis is high due to the clear guidance provided by the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100