MGP Ingredients Inc expected to post earnings of $1.36 a share - Earnings Preview

MGP Ingredients

20/02/2024 13:58

* MGP Ingredients Inc  MGPI.OQ   MGPI.O  is expected to show
a
rise in quarterly revenue when it reports  results on February
22 for the period ending December 31 2023
    * The Atchison Kansas-based  company is expected to report a
7.5% increase in revenue to $205.388 million from $191 million a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for MGP Ingredients Inc is
for
earnings of $1.36 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 $125.00​, above​ its last closing price of $90.89. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.32        1.29       0.58      Missed  -55.2
 Jun. 30 2023  1.26        1.25       1.44      Beat    15.2
 Mar. 31 2023  1.11        1.10       1.39      Beat    26​
 Dec. 31 2022  0.86        0.85       1.01      Beat    18.6
 ​​Sep.        0.95        0.95       1.06      Beat    11.6
 30 2022                                                
 Jun. 30 2022  0.93        0.94       1.15      Beat    22.6​
 Mar. 31 2022  0.95        0.96       1.69      Beat    77
 Dec. 31 2021  0.65        0.63       0.87      Beat    37.4
 This summary was machine generated February 20 at 13:58 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)