Ingredion (INGR) Q3 Earnings Top Estimates

Core Viewpoint - Ingredion reported quarterly earnings of $2.75 per share, exceeding the Zacks Consensus Estimate of $2.73 per share, but down from $3.05 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +0.73%, and the company had previously delivered a surprise of +3.24% with earnings of $2.87 per share against an expectation of $2.78 [2] - Revenues for the quarter were $1.82 billion, missing the Zacks Consensus Estimate by 2.31%, and down from $1.87 billion year-over-year [3] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates but has not beaten revenue estimates [3] Stock Performance and Outlook - Ingredion shares have declined approximately 17% since the beginning of the year, contrasting with a 16.5% gain in the S&P 500 [4] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $2.53 for the upcoming quarter and $11.10 for the current fiscal year [5][8] - The Zacks Rank for Ingredion is currently 5 (Strong Sell), indicating expected underperformance in the near future [7] Industry Context - The Food - Miscellaneous industry, to which Ingredion belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Comparatively, TreeHouse Foods, another company in the same industry, is expected to report a year-over-year earnings decline of 28.4% in its upcoming results [10]