Analyst Coverage

Firm Analyst
Barclays Capital Inc.
Benjamin Theurer
BMO Capital Markets
Andrew Strelzik
Goldman Sachs
Adam Samuelson
Morningstar
Seth Goldstein
Stephens Inc.
Ben Bienvenu
UBS
Cody Ross

Ingredion Incorporated is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Ingredion Incorporated's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Ingredion Incorporated or its management. Ingredion Incorporated does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

First Call Estimates

Information on this page has been provided by First Call for information purposes only and has not been verified by Ingredion Incorporated or its management.

Mean Recommendation:

2.17

Sell

Strong Buy

Reference Information - Earnings Per Share

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 10.19 11.07 9.77 9.96 4 2 2 1.93
Annual Dec 24 9.64 10.15 9.12 9.65 6 6 -- 6.19
Annual Dec 23 9.08 9.23 8.96 9.08 6 6 -- 10.91
Quarterly Mar 24 2.73 3.04 2.46 2.71 4 3 -- 23.23
Quarterly Jun 23 2.31 2.35 2.28 2.31 5 5 -- 6.35
Quarterly Sep 23 2.09 2.19 1.96 2.09 5 1 3 -1.04
Quarterly Dec 23 1.90 1.96 1.80 1.93 5 2 3 -2.27
Long Term Growth 10.30 10.30 10.30 10.30 1 -- -- 0.00

Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 22 7.45 7.24 2.86
Annual Dec 21 6.67 6.85 -2.67
Annual Dec 20 6.23 5.95 4.68
Quarterly Mar 23 2.80 2.01 39.17
Quarterly Dec 22 1.65 1.45 14.01
Quarterly Sep 22 1.73 1.62 7.01
Quarterly Jun 22 2.12 1.94 9.04

Reference Information - Book Value Per Share

Analyst Forecasts - Book Value Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 66.67 66.67 66.67 66.67 1 1 -- 4.19
Annual Dec 24 60.66 61.64 59.67 60.66 2 2 -- 5.59
Annual Dec 23 52.92 53.49 52.35 52.92 2 2 -- 5.43
Quarterly Mar 24 55.64 55.64 55.64 55.64 1 1 -- 2.81
Quarterly Jun 23 51.39 51.39 51.39 51.39 1 1 -- 1.28
Quarterly Sep 23 52.76 52.76 52.76 52.76 1 1 -- 1.31
Quarterly Dec 23 53.82 53.82 53.82 53.82 1 1 -- 1.32

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 22 47.90 47.07 1.77
Annual Dec 21 46.51 43.92 5.89
Annual Dec 20 44.03 41.21 6.86
Quarterly Mar 23 49.46 49.40 0.12
Quarterly Dec 22 47.90 47.85 0.11
Quarterly Sep 22 46.77 48.79 -4.14
Quarterly Jun 22 47.78 -- --

Reference Information - Cash Flow Per Share

Analyst Forecasts - Cash Flow Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 14.90 14.90 14.90 14.90 1 1 -- 5.15
Annual Dec 24 13.84 13.84 13.84 13.84 1 1 -- 5.57
Annual Dec 23 12.88 12.88 12.88 12.88 1 1 -- 5.49
Quarterly Mar 24 3.95 3.95 3.95 3.95 1 1 -- 25.00
Quarterly Jun 23 3.20 3.20 3.20 3.20 1 1 -- 0.95
Quarterly Sep 23 3.13 3.13 3.13 3.13 1 -- 1 -0.95
Quarterly Dec 23 2.88 2.88 2.88 2.88 1 -- 1 -2.37

Actuals - Cash Flow Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 22 2.27 10.34 -78.04
Annual Dec 21 5.78 3.62 59.56
Annual Dec 20 12.33 7.57 62.94
Quarterly Dec 22 1.08 5.54 -80.50
Quarterly Sep 22 1.26 4.31 -70.77
Quarterly Jun 22 0.71 6.95 -89.79

Reference Information - Dividend Per Share

Analyst Forecasts - Dividend Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 3.01 3.18 2.88 3.00 4 2 -- 0.67
Annual Dec 24 3.04 3.56 2.80 2.96 5 -- 1 -0.07
Annual Dec 23 2.89 3.18 2.75 2.88 5 2 1 -0.41
Quarterly Mar 24 0.75 0.75 0.75 0.75 1 1 -- 1.35
Quarterly Jun 23 0.70 0.70 0.70 0.70 1 -- -- --
Quarterly Sep 23 0.70 0.70 0.70 0.70 1 -- -- --
Quarterly Dec 23 0.77 0.77 0.77 0.77 1 -- -- --

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 21 2.58 2.90 -11.10
Annual Dec 20 2.54 2.59 -2.08
Quarterly Mar 23 0.71 0.70 1.43
Quarterly Dec 22 0.71 0.75 -5.33
Quarterly Sep 22 0.65 0.65 --

Reference Information - EBIT

Analyst Forecasts - EBIT

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 1,053.74 1,132.68 1,007.26 1,037.50 4 3 1 2.44
Annual Dec 24 1,016.98 1,058.12 959.53 1,020.10 6 6 -- 6.27
Annual Dec 23 966.27 987.03 954.00 959.20 6 6 -- 9.73
Quarterly Mar 24 293.27 315.25 273.57 291.00 3 2 -- 20.62
Quarterly Jun 23 248.34 251.00 245.90 248.24 4 4 -- 6.05
Quarterly Sep 23 224.43 232.93 213.58 225.60 4 1 3 -0.21
Quarterly Dec 23 208.14 211.00 203.49 209.03 4 2 2 0.66

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual Dec 21 685.00 653.58 4.81
Annual Dec 20 659.00 632.05 4.26
Quarterly Mar 23 296.00 222.05 33.31
Quarterly Sep 22 191.00 176.08 8.48
Quarterly Jun 22 215.00 206.86 3.94

Reference Information - EBITDA

Analyst Forecasts - EBITDA

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 1,296.29 1,378.66 1,231.50 1,287.50 4 2 2 0.72
Annual Dec 24 1,249.57 1,296.96 1,180.44 1,253.00 6 5 1 3.92
Annual Dec 23 1,196.63 1,215.27 1,179.02 1,197.50 6 6 -- 6.99
Quarterly Mar 24 360.79 374.67 346.90 360.79 2 2 -- 19.68
Quarterly Jun 23 302.93 306.19 296.60 306.00 3 3 -- 3.75
Quarterly Sep 23 285.60 291.50 282.00 283.30 3 1 2 -0.34
Quarterly Dec 23 271.73 278.60 267.58 269.00 3 2 1 1.06

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual Dec 21 905.00 940.47 -3.77
Annual Dec 20 872.00 849.92 2.60
Quarterly Dec 22 124.00 218.19 -43.17
Quarterly Sep 22 244.00 234.01 4.27
Quarterly Jun 22 269.00 263.10 2.24

Reference Information - GAAP Earnings Per Share

Analyst Forecasts - GAAP Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 10.42 11.07 9.77 10.42 2 1 1 4.57
Annual Dec 24 9.82 10.15 9.26 9.94 4 4 -- 8.39
Annual Dec 23 8.91 9.23 8.10 9.10 5 4 -- 9.06
Quarterly Mar 24 2.91 3.04 2.77 2.91 2 2 -- 27.41
Quarterly Jun 23 2.30 2.35 2.28 2.28 3 3 -- 5.34
Quarterly Sep 23 2.12 2.19 2.08 2.09 3 1 2 -0.47
Quarterly Dec 23 1.94 1.96 1.93 1.94 3 2 1 0.87

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 22 7.34 7.12 3.14
Annual Dec 21 1.73 2.07 -16.22
Annual Dec 20 5.15 4.95 4.04
Quarterly Mar 23 2.85 2.06 38.40
Quarterly Dec 22 1.71 1.49 15.15
Quarterly Sep 22 1.59 1.62 -1.55
Quarterly Jun 22 2.12 1.95 8.90

Reference Information - Net Asset Value

Analyst Forecasts - Net Asset Value

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 4,453.00 4,453.00 4,453.00 4,453.00 1 1 -- 1.85
Annual Dec 24 4,049.50 4,101.00 3,998.00 4,049.50 2 2 -- 5.40
Annual Dec 23 3,536.00 3,571.00 3,501.00 3,536.00 2 2 -- 6.00

Actuals - Net Asset Value

Reported Mean Estimate Surprise % Change
Annual Dec 22 3,163.00 3,398.00 -6.92
Annual Dec 21 3,118.00 2,877.00 8.38
Annual Dec 20 2,972.00 2,916.00 1.92

Reference Information - Net Debt

Analyst Forecasts - Net Debt

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 1,963.70 2,611.50 1,617.59 1,662.00 3 2 1 3.96
Annual Dec 24 2,152.91 2,643.06 1,906.68 1,909.00 3 2 1 1.77
Annual Dec 23 2,332.25 2,714.73 2,130.00 2,152.01 3 2 1 1.34
Quarterly Mar 24 2,287.97 2,287.97 2,287.97 2,287.97 1 -- 1 -6.84
Quarterly Jun 23 2,240.74 2,240.74 2,240.74 2,240.74 1 -- 1 -4.38
Quarterly Sep 23 2,266.87 2,266.87 2,266.87 2,266.87 1 -- 1 -5.76
Quarterly Dec 23 2,152.01 2,152.01 2,152.01 2,152.01 1 -- 1 -7.56

Actuals - Net Debt

Reported Mean Estimate Surprise % Change
Annual Dec 22 2,244.00 2,074.56 8.17
Annual Dec 21 1,714.00 1,813.23 -5.47
Annual Dec 20 1,521.00 1,735.03 -12.34
Quarterly Mar 23 2,418.00 2,460.17 -1.71
Quarterly Dec 22 2,244.00 2,143.07 4.71
Quarterly Sep 22 2,150.00 1,682.71 27.77
Quarterly Jun 22 2,069.00 -- --

Reference Information - Net Income

Analyst Forecasts - Net Income

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 667.10 714.93 634.47 659.50 4 2 2 2.00
Annual Dec 24 639.43 666.00 599.27 645.31 6 6 -- 6.44
Annual Dec 23 608.65 617.86 599.00 610.30 6 6 -- 11.27
Quarterly Mar 24 192.42 199.24 185.60 192.42 2 2 -- 27.69
Quarterly Jun 23 154.39 157.00 152.87 153.30 3 3 -- 5.69
Quarterly Sep 23 141.77 146.51 139.00 139.80 3 1 2 -0.34
Quarterly Dec 23 129.69 130.48 129.00 129.60 3 2 1 1.22

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual Dec 22 499.00 485.09 2.87
Annual Dec 21 452.00 464.75 -2.74
Annual Dec 20 422.00 402.69 4.79
Quarterly Mar 23 188.00 137.45 36.78
Quarterly Dec 22 110.00 98.08 12.15
Quarterly Sep 22 115.00 108.17 6.31
Quarterly Jun 22 142.00 131.80 7.74

Reference Information - Operating Profit

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 -- -- -- -- -- -- -- --
Annual Dec 24 -- -- -- -- -- -- -- --
Annual Dec 23 -- -- -- -- -- -- -- --
Quarterly Mar 24 -- -- -- -- -- -- -- --
Quarterly Dec 23 -- -- -- -- -- -- -- --
Quarterly Sep 23 -- -- -- -- -- -- -- --
Quarterly Jun 23 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported Mean Estimate Surprise % Change

Reference Information - Return On Equity

Analyst Forecasts - Return On Equity

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 16.22 17.47 15.50 15.70 3 -- -- -0.08
Annual Dec 24 16.96 17.89 16.40 16.60 3 -- -- 3.56
Annual Dec 23 18.11 18.42 17.70 18.20 3 -- -- 11.65
Quarterly Mar 24 22.96 22.96 22.96 22.96 1 -- -- 34.66
Quarterly Jun 23 18.63 18.63 18.63 18.63 1 -- -- 4.49
Quarterly Sep 23 17.85 17.85 17.85 17.85 1 -- -- 1.42
Quarterly Dec 23 15.56 15.56 15.56 15.56 1 -- -- 0.78

Actuals - Return On Equity

Reported Mean Estimate Surprise % Change
Annual Dec 22 15.98 15.18 0.80
Annual Dec 21 14.94 8.43 6.51
Annual Dec 20 14.88 13.80 1.08

Reference Information - Sales

Analyst Forecasts - Sales

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 9,290.72 9,384.00 9,110.70 9,334.09 4 -- 4 -6.19
Annual Dec 24 9,024.75 9,186.40 8,846.14 9,026.97 6 -- 6 -5.73
Annual Dec 23 8,619.39 8,723.00 8,525.00 8,610.37 6 -- 6 -5.62
Quarterly Mar 24 2,226.51 2,241.80 2,200.63 2,237.11 3 -- 2 -1.82
Quarterly Jun 23 2,193.05 2,246.65 2,150.13 2,187.70 4 -- 4 -6.05
Quarterly Sep 23 2,184.96 2,208.30 2,155.50 2,188.02 4 -- 4 -6.56
Quarterly Dec 23 2,136.33 2,182.00 2,091.46 2,135.93 4 -- 4 -6.74

Actuals - Sales

Reported Mean Estimate Surprise % Change
Annual Dec 22 7,946.00 7,974.05 -0.35
Annual Dec 21 6,894.00 6,846.48 0.69
Annual Dec 20 5,987.00 5,955.45 0.53
Quarterly Mar 23 2,137.00 2,181.07 -2.02
Quarterly Dec 22 1,987.00 2,036.83 -2.45
Quarterly Sep 22 2,023.00 2,033.24 -0.50
Quarterly Jun 22 2,044.00 1,918.48 6.54

Reference Information - Earnings Per Share (Parent)

Analyst Forecasts - Earnings Per Share (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 -- -- -- -- -- -- -- --
Annual Dec 24 -- -- -- -- -- -- -- --
Annual Dec 23 -- -- -- -- -- -- -- --
Quarterly Mar 24 -- -- -- -- -- -- -- --
Quarterly Dec 23 -- -- -- -- -- -- -- --
Quarterly Sep 23 -- -- -- -- -- -- -- --
Quarterly Jun 23 -- -- -- -- -- -- -- --

Actuals - Earnings Per Share (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Net Income (Parent)

Analyst Forecasts - Net Income (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 -- -- -- -- -- -- -- --
Annual Dec 24 -- -- -- -- -- -- -- --
Annual Dec 23 -- -- -- -- -- -- -- --
Quarterly Mar 24 -- -- -- -- -- -- -- --
Quarterly Dec 23 -- -- -- -- -- -- -- --
Quarterly Sep 23 -- -- -- -- -- -- -- --
Quarterly Jun 23 -- -- -- -- -- -- -- --

Actuals - Net Income (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Operating Profit (Parent)

Analyst Forecasts - Operating Profit (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 25 -- -- -- -- -- -- -- --
Annual Dec 24 -- -- -- -- -- -- -- --
Annual Dec 23 -- -- -- -- -- -- -- --
Quarterly Mar 24 -- -- -- -- -- -- -- --
Quarterly Dec 23 -- -- -- -- -- -- -- --
Quarterly Sep 23 -- -- -- -- -- -- -- --
Quarterly Jun 23 -- -- -- -- -- -- -- --

Actuals - Operating Profit (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Sales (Parent)

Analyst Forecasts - Sales (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change

Actuals - Sales (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Copyright Refinitiv

About Ingredion

Ingredion Incorporated (NYSE: INGR) headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With 2022 annual net sales of nearly $8 billion, the Company turns grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. With Ingredion Idea Labs® innovation centers located around the world and approximately 12,000 employees, the Company co-creates with customers and fulfills its purpose of bringing the potential of people, nature, and technology together to make life better. Visit ingredion.com for more information and the latest Company news.


The INGREDION and INGREDION IDEA LABS marks and logos are trademarks of the Ingredion group of companies.
  • 2023 © Copyright Ingredion Incorporated. All Rights Reserved.

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