MGP Ingredients Inc expected to post earnings of $1.10 a share - Earnings Preview

MGP Ingredients

02/05/2023 19:31

* MGP Ingredients Inc  MGPI.OQ   MGPI.O  is expected to show
a
fall in quarterly revenue when it reports  results on May 4. 
    * The Atchison Kansas-based  company is expected to report 
a
0.4% decrease in revenue to $194.389 million from $195.24
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for MGP Ingredients Inc
is
for earnings of $1.10 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for MGP
Ingredients
Inc is $125​, above​ its last closing price of $97.45. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.86        0.85       1.01      Beat    18.6
 Sep. 30 2022  0.95        0.95       1.06      Beat    11.6
 Jun. 30 2022  0.93        0.94       1.15      Beat    22.6​
 Mar. 31 2022  0.95        0.96       1.69      Beat    77
 ​​Dec.        0.65        0.63       0.87      Beat    37.4
 31 2021                                                
 Sep. 30 2021  0.40        0.40       1.09      Beat    172.5​
 Jun. 30 2021  0.59        0.59       1.27      Beat    115.3
 Mar. 31 2021  0.55        0.58       1.01      Beat    74.1
 This summary was machine generated May 2 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated