Ingredion (NYSE: INGR) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Ingredion missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share grew significantly.

Margins expanded across the board.

Revenue details
Ingredion logged revenue of $1.58 billion. The six analysts polled by S&P Capital IQ wanted to see a top line of $1.67 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.41. The nine earnings estimates compiled by S&P Capital IQ anticipated $1.33 per share. GAAP EPS of $1.41 for Q1 were 17% higher than the prior-year quarter's $1.21 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 19.3%, 50 basis points better than the prior-year quarter. Operating margin was 11.1%, 50 basis points better than the prior-year quarter. Net margin was 7.0%, 100 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.73 billion. On the bottom line, the average EPS estimate is $1.37.

Next year's average estimate for revenue is $6.80 billion. The average EPS estimate is $5.84.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 339 members out of 360 rating the stock outperform, and 21 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give Ingredion a green thumbs-up, and 10 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 $77.17.

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