Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-an ...

Market Overview - U.S. stock markets ended November positively, continuing a strong rally since January 2023, with the Dow, S&P 500, and Nasdaq Composite increasing by 13.7%, 23.9%, and 43.4% respectively in 2023 [1] - Year-to-date performance shows the Dow, S&P 500, and Nasdaq Composite advancing by 18.5%, 27.6%, and 31.9% respectively [1] Economic Indicators - The Federal Reserve's dovish stance and favorable economic data are expected to support U.S. stock markets in December [2] - U.S. GDP growth rates for the first three quarters of 2024 were 1.6%, 3%, and 2.8%, with a projected growth rate of 2.7% for Q4 [3] - The Personal Consumption Expenditure (PCE) price index for October rose by 0.2% month-over-month and 2.3% year-over-year, while the core PCE increased by 0.3% month-over-month and 2.8% year-over-year, aligning with consensus estimates [4] - The U.S. consumer confidence index for November was reported at 111.7, surpassing the consensus estimate of 111 [5] - The Present Situation Index increased to 140.9 from 136.5 in October, and the Expectations Index rose to 92.3 from 91.9, indicating a positive outlook [6] Growth Stock Recommendations - Five growth stocks recommended for December include monday.com Ltd. (MNDY), Inspire Medical Systems Inc. (INSP), Ingredion Inc. (INGR), Parsons Corp. (PSN), and Impinj Inc. (PI) [2][7] monday.com Ltd. (MNDY) - Expected revenue and earnings growth rates for 2025 are 25.6% and 11.7% respectively, with a Zacks Consensus Estimate for next-year earnings improving by 8.8% [12] - The average short-term price target indicates a potential increase of 17.9% from the last closing price of $280.80, with a maximum upside of 26.4% [12] Inspire Medical Systems Inc. (INSP) - Expected revenue and earnings growth rates for 2025 are 19.1% and 52.6% respectively, with a Zacks Consensus Estimate for next-year earnings improving by 0.5% [15] - The average short-term price target suggests a potential increase of 27.1% from the last closing price of $191.90, indicating a maximum upside of 40.7% [15] Ingredion Inc. (INGR) - Expected revenue and earnings growth rates for next year are 1.3% and 6.1% respectively, with a Zacks Consensus Estimate for next-year earnings improving by 3.7% [17] - The average short-term price target indicates a potential increase of 12.4% from the last closing price of $149.11, with a maximum upside of 19.4% [17] Parsons Corp. (PSN) - Expected revenue and earnings growth rates for next year are 6.8% and 11.9% respectively, with a Zacks Consensus Estimate for next-year earnings improving by 3.2% [20] - The average short-term price target suggests a potential increase of 19.9% from the last closing price of $94.75, indicating a maximum upside of 37.2% [20] Impinj Inc. (PI) - Expected revenue and earnings growth rates for next year are 19.5% and 33.9% respectively, with a Zacks Consensus Estimate for next-year earnings improving by 4.2% [23] - The average short-term price target indicates a potential increase of 30% from the last closing price of $188.21, with a maximum upside of 43.5% [23]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being under ...

Ingredion (INGR) Conference Call Summary Company Overview - **Company**: Ingredion - **Date**: November 14, 2024 - **Focus**: Texture and Healthful Solutions in the food industry Key Points Industry and Market Insights - The global market for texturizing ingredients is approximately **$20 billion** with a growth outlook of **2% to 5%** for ingredients and a faster growth rate for solutions combining these ingredients [12][26] - The **global packaged food retail market** is valued at **$600 billion**, with a significant opportunity for CPG companies to leverage front-of-pack texturizing claims [14] - **80%** of consumers are currently paying attention to food prices, indicating a strong demand for affordability in food products [27] - **75%** of consumers find all-natural claims appealing, and **72%** prefer products with natural ingredients [27] Texture as a Competitive Advantage - Texture is a critical factor in consumer purchasing decisions, with **greater than 50%** of consumers consciously considering texture when buying products [12] - **40%** of product launch success is linked to texture, emphasizing its importance in consumer liking and repeat purchases [62] - The company aims to be recognized as the go-to provider for texture and healthful solutions that enhance the taste of healthy foods [18] Strategic Focus Areas - Ingredion is focusing on three primary consumer benefit areas: 1. **Influencing the texture experience** to make foods more interesting and appealing [15] 2. **Affordability**, especially in light of food inflation [16] 3. **Clean label** products that meet consumer demand for natural ingredients [17] Innovations and Solutions - The company has invested in **sensory and consumer understanding** to create solutions that influence texture and flavor [15] - Examples of innovative solutions include: - A cheese product with **20% cost reduction** while maintaining texture and taste [50] - An ice cream formulation that does not melt at higher temperatures, reducing energy consumption for storage [51] Global Presence and Local Adaptation - Ingredion operates **22 plants globally** and has local teams to understand regional food preferences [42] - The company is adapting its strategies to meet the needs of both developed and developing markets, focusing on convenience and affordability [30][32] Consumer Trends - There is a growing demand for **multicultural foods**, with **60%** of consumers preferring multi-texture and multi-flavor foods [38] - The trend towards healthier foods post-pandemic is significant, with consumers seeking healthier options that also taste good [40] Challenges and Opportunities - The high failure rate of product launches (up to **80%**) presents a significant opportunity for Ingredion to assist customers in improving their product development processes [59] - The company is leveraging its extensive data and technology to enhance the probability of successful product launches [61][83] Conclusion - Ingredion is positioning itself as a leader in the texture and healthful solutions market, focusing on innovation, consumer insights, and local market adaptation to drive growth and meet evolving consumer demands [55][56]

Texture Innovation Day November 14, 2024 Our forward-looking statements speak only as of the date on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement as a result of new information or future events or developments. If we do update or correct one or more of these statements, investors and others should not conclude that we will make additional updates or corrections. For a further description ...

Company Leadership and Strategy - Mark Karns appointed as Vice President of Corporate Development and M&A, effective December 2, 2024 [1] - Karns will lead a combined corporate strategy and M&A function to align and optimize Ingredion's strategic growth agenda [2] - Karns brings extensive experience in M&A, capital markets, and consulting, with a proven track record in consumer sectors including food and beverage [3][5] - Karns previously served as global head of M&A at Whirlpool Corporation and executed over 60 M&A and financing transactions during his tenure at Baird [5] Company Overview - Ingredion is a leading global ingredient solutions provider with 2023 annual net sales of approximately $8 billion [7] - The company serves customers in nearly 120 countries and operates Ingredion Idea Labs® innovation centers worldwide [7] - Ingredion transforms grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for various markets including food, beverage, and industrial sectors [7] Leadership Vision - Karns aims to help Ingredion achieve its aspiration to be recognized as the go-to provider for texture and healthful solutions that "make healthy taste better" [4]

Financial Performance - Net sales decreased 8 percent to $1,870 million for Q3 2024 compared to $2,033 million for Q3 2023, primarily due to lower raw material costs and lost sales volume from the sale of the South Korea business[89]. - Operating income increased due to lower raw material and input costs, while net income attributable to Ingredion rose to $188 million from $158 million year-over-year[97]. - Gross profit margin increased to 26 percent for Q3 2024 compared to 21 percent for Q3 2023, driven by a 14 percent decrease in cost of sales to $1,391 million[90]. - Year-to-date net sales decreased 10 percent to $5,630 million, with a gross profit margin increase to 24 percent compared to 22 percent in the previous year[103][104]. Segment Performance - T&HS segment net sales remained flat at $600 million, with operating income increasing 12 percent to $96 million due to lower input costs[98][99]. - F&II - LATAM segment net sales decreased 6 percent to $620 million, but operating income increased 26 percent to $131 million due to lower input costs[100]. - F&II - U.S./Canada segment net sales decreased 9 percent to $548 million, while operating income increased 25 percent to $99 million[101]. Liquidity and Capital Expenditures - Total available liquidity as of September 30, 2024, was $2.5 billion, consisting of $1.3 billion in domestic liquidity and $1.2 billion in international liquidity[115][116]. - Capital expenditures and mechanical stores purchases amounted to $170 million year-to-date 2024, down from $233 million in the same period of 2023, with anticipated capital investment commitments for the remainder of 2024 between $310 million and $330 million[120]. Financing Activities - Cash used for financing activities was $601 million year-to-date 2024, compared to $301 million in year-to-date 2023, primarily due to a net $327 million reduction in commercial paper borrowings[121]. - Cash dividends paid to common stockholders increased to $156 million year-to-date 2024 from $143 million in year-to-date 2023, reflecting an increase in the quarterly dividend from $0.71 to $0.78 per share[122]. - The company repurchased 762 thousand shares of common stock at a net cost of $87 million year-to-date 2024, compared to 1.0 million shares at a net cost of $101 million in the same period of 2023[123]. - The company acquired shares in its subsidiary PureCircle for $40 million, increasing ownership to 98 percent as of September 30, 2024[123]. Tax and Accounting - Effective income tax rate increased to 30.8 percent for Q3 2024 from 13.5 percent for Q3 2023, influenced by an adverse ruling and changes in foreign tax credits[96]. - There have been no changes to critical accounting policies and estimates during year-to-date 2024[125]. Risk and Forward-Looking Statements - Forward-looking statements indicate expectations regarding future operations and financial conditions, but actual results may differ due to various risks and uncertainties[131]. - The company has not reported material changes in market risk disclosures related to interest rates, raw material and energy costs, and foreign currencies during year-to-date 2024[133]. - The company maintains a quarterly dividend policy, with potential risks affecting its continuation[131].

2024 26% 29% 2024 2.83 3.05 20% 31% 10.60 10.90 10.35 10.65 , Nov. 07, 2024 (GLOBE NEWSWIRE) -- Ingredion IncorporatedINGR 2024 Ingredion Jim Zallie " " " 11% " " Cost2Compete " " 2025 ''"Zallie * "GAAP" GAAP "II. GAAP " GAAP GAAP | --- | --- | --- | --- | |------------------------------------------------------------------|-------|-------------|-------------------| | Diluted Earnings Per Share (EPS) \n | | 3Q23 | 3Q24 | | Reported Diluted EPS | | $2.36 Â | $2.83 Â | | Impairment charges | Â | 0.10Â Â | 0.08 ...

Ingredion (INGR) came out with quarterly earnings of $3.05 per share, beating the Zacks Consensus Estimate of $2.58 per share. This compares to earnings of $2.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.22%. A quarter ago, it was expected that this food sweetener, starch and nutritional ingredient company would post earnings of $2.53 per share when it actually produced earnings of $2.87, delivering a surprise of 13.4 ...

Exhibit 99 NEWS RELEASE Ingredion Incorporated 5 Westbrook Corporate Center CONTACTS: Westchester, IL 60154 Investors: Noah Weiss, 773-896-5242 Media: Rick Wion, 708-209-6323 INGREDION INCORPORATED REPORTS STRONG THIRD QUARTER RESULTS AND RAISES FULL-YEAR OUTLOOK • Third quarter 2024 reported and adjusted* operating income increased 26% and 29% compared to prior year • Third quarter 2024 reported and adjusted EPS were $2.83 and $3.05, an increase of 20% and 31%, respectively • Raising guidance for full-year ...