MGP Ingredients Inc expected to post earnings of $1.25 a share - Earnings Preview

MGP Ingredients

01/08/2023 19:34

* MGP Ingredients Inc  MGPI.OQ   MGPI.O  is expected to show
a
rise in quarterly revenue when it reports  results on August 3. 
    * The Atchison Kansas-based  company is expected to report 
a
5.2% increase in revenue to $205.12 million from $194.98 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 $1.25 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 $114.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.11        1.10       1.39      Beat    26
 Dec. 31 2023  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.        0.95        0.96       1.69      Beat    77
 31 2022                                                
 Dec. 31 2021  0.65        0.63       0.87      Beat    37.4​
 Sep. 30 2021  0.40        0.40       1.09      Beat    172.5
 Jun. 30 2021  0.59        0.59       1.27      Beat    115.3
 This summary was machine generated August 1 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated