Ingredion (NYSE: INGR ) reported earnings on Feb. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ingredion met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins grew across the board.
Ingredion logged revenue of $1.64 billion. The six analysts polled by S&P Capital IQ predicted sales of $1.63 billion on the same basis. GAAP reported sales were 6.3% higher than the prior-year quarter's $1.55 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.47. The nine earnings estimates compiled by S&P Capital IQ predicted $1.42 per share. GAAP EPS of $1.42 for Q4 were 16% higher than the prior-year quarter's $1.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 20.3%, 220 basis points better than the prior-year quarter. Operating margin was 11.8%, 410 basis points better than the prior-year quarter. Net margin was 6.8%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.70 billion. On the bottom line, the average EPS estimate is $1.36.
Next year's average estimate for revenue is $6.94 billion. The average EPS estimate is $5.85.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 339 members out of 361 rating the stock outperform, and 22 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Ingredion a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ingredion is outperform, with an average price target of $75.17.
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