Ingredion (NYSE:INGR) reported its Q1 earnings results on Wednesday, May 3, 2023 at 06:05 AM.
Here’s what investors need to know about the announcement.
Earnings
Ingredion beat estimated earnings by 39.3%, reporting an EPS of $2.8 versus an estimate of $2.01.
Revenue was up $245.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.2 which was followed by a 3.15% drop in the share price the next day.
Here’s a look at Ingredion’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.45 | 1.64 | 1.93 | 1.81 |
| EPS Actual | 1.65 | 1.73 | 2.12 | 1.95 |
| Revenue Estimate | 2.04B | 2.04B | 1.91B | 1.77B |
| Revenue Actual | 1.99B | 2.02B | 2.04B | 1.89B |
To track all earnings releases for Ingredion visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
