MGP Ingredients Inc expected to post earnings of $1.54 a share - Earnings Preview

MGP Ingredients

30/07/2024 19:19

* MGP Ingredients Inc  MGPI.OQ   MGPI.O  is expected to show
a
fall in quarterly revenue when it reports  results on August 1
for the period ending June 30 2024
    * The Atchison Kansas-based  company is expected to report a
9.5% decrease in revenue to $189.056 million from $209 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for MGP Ingredients Inc is
for
earnings of $1.54 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $112.00​, above​ its last closing price of $79.47. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.99        0.98       1.07      Beat    8.8
 Jan. 1 2024   1.32        1.36       1.49      Beat    9.7
 Jan. 1 0001   1.32        1.25       0.58      Missed  ​
 Jan. 1 0001   1.26        1.25       1.44      Beat    15.2
 ​​Mar.        1.11        1.10       1.39      Beat    26
 31 2023                                                
 Dec. 31 2022              0.85       1.01      Beat    18.6​
 Sep. 30 2022              0.95       1.15      Beat    11.6
 Jun. 30 2022  0.93        0.94       1.15      Beat    22.6
 This summary was machine generated July 30 at 18:19 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)