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Ingredion Readies for Q3 Earnings: What's in the Cards for the Stock?

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Key Takeaways

  • Ingredion's Q3 earnings per share are expected to decline 7.3% year over year to $2.55.
  • INGR faces pressure from its Pakistan divestiture, currency headwinds and elevated tapioca costs.
  • Strong clean-label demand, specialty solutions and improved Argo reliability may support INGR's results.

Ingredion Incorporated (INGR - Free Report) is likely to witness a bottom-line decline when it reports third-quarter 2026 earnings on Nov. 5. 

The consensus mark for earnings has dipped by 4.1% over the past 30 days to $2.55 a share, suggesting a decline of 7.3% from the year-ago period’s figure. INGR has a trailing four-quarter negative surprise of 0.6%, on average.

Ingredion Incorporated Price, Consensus and EPS Surprise

Ingredion Incorporated Price, Consensus and EPS Surprise

Ingredion Incorporated price-consensus-eps-surprise-chart | Ingredion Incorporated Quote

Factors Likely to Influence INGR’s Upcoming Results

Ingredion’s third-quarter results are likely to be affected by the divestiture of its majority stake in the Pakistan business. Management expects adjusted operating income to decline by mid-single digits in the quarter, reflecting the divestiture’s impact on earnings.

Persistent macroeconomic challenges in Mexico may have weighed on Food & Industrial Ingredients–LATAM. Softer demand and unfavorable transactional currency movements could have pressured profitability. The Argentine peso’s depreciation in July was expected to create currency-related headwinds during the quarter.

Elevated tapioca costs stemming from weather-related supply constraints could have squeezed margins in Texture & Healthful Solutions. The lag in passing higher costs to customers is likely to have added pressure. Residual manufacturing costs from earlier operational disruptions at the Argo facility and higher sequential corporate expenses may have weighed on earnings.

Nevertheless, Ingredion’s Texture & Healthful Solutions business is likely to have benefited from sustained demand for clean-label ingredients and specialty solutions. Customer innovation, market-share gains and growing interest in protein and fiber fortification may have supported volumes. Improved production reliability at Argo and enterprise productivity initiatives are likely to have provided additional support.

Earnings Whispers for INGR

Our proven model doesn’t conclusively predict an earnings beat for Ingredion Incorporated this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
 
Ingredion Incorporated currently carries a Zacks Rank #4 (Sell) and has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks With the Favorable Combination

Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.

Dollar General Corporation (DG - Free Report) currently has an Earnings ESP of +8.66% and a Zacks Rank of 2. The consensus estimate for the quarterly revenues stands at $11.1 billion, which suggests 4.5% growth from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Dollar General’s upcoming quarter’s EPS is pegged at $1.40, which calls for a 9.4% increase from the year-ago period’s figure. DG delivered a trailing four-quarter earnings surprise of 19.1%, on average.

The Kroger Co. (KR - Free Report) currently has an Earnings ESP of +3.43% and a Zacks Rank of 3. The Zacks Consensus Estimate for KR’s upcoming quarter’s revenues is pegged at $34.6 billion, suggesting a 2.1% jump from the figure reported in the prior-year quarter. 

The consensus estimate for Kroger’s upcoming quarter’s EPS is pegged at $1.16 per share, implying 10.5% growth from the year-ago quarter’s earnings of 36 cents. KR delivered a trailing four-quarter earnings surprise of 2.7%, on average.

General Mills, Inc. (GIS - Free Report) currently has an Earnings ESP of +0.26% and a Zacks Rank #3. The consensus estimate for quarterly revenues is pegged at $4.7 billion, which indicates a decline of 2.8% from the figure reported in the prior-year quarter. 

The Zacks Consensus Estimate for General Mills’ upcoming quarter’s EPS is pegged at 96 cents, which calls for a decrease of 12.7% from the figure reported in the prior-year quarter. GIS delivered a trailing four-quarter earnings surprise of 3.6%, on average.

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