Ingredion (INGR) Misses Q4 Earnings and Revenue Estimates

Core Viewpoint - Ingredion reported quarterly earnings of $2.53 per share, missing the Zacks Consensus Estimate of $2.59 per share, and down from $2.63 per share a year ago [1][2] Financial Performance - The earnings surprise was -2.32%, with the company previously expected to post earnings of $2.73 per share but actually reporting $2.75 per share in the prior quarter, resulting in a surprise of +0.73% [2] - Revenues for the quarter were $1.76 billion, missing the Zacks Consensus Estimate by 1.51%, and down from $1.8 billion year-over-year [3] Stock Performance - Ingredion shares have increased by approximately 6.4% since the beginning of the year, outperforming the S&P 500, which gained 1.9% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.81 on revenues of $1.75 billion, and for the current fiscal year, it is $11.37 on revenues of $7.15 billion [8] - The estimate revisions trend for Ingredion was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [7] Industry Context - The Food - Miscellaneous industry, to which Ingredion belongs, is currently in the bottom 24% of over 250 Zacks industries, suggesting potential challenges ahead [9]