MGP Ingredients Inc expected to post earnings of 40 cents a share - Earnings Preview

MGP Ingredients

01/11/2021 18:32

* MGP Ingredients Inc  MGPI.OQ   MGPI.O  is expected to show a
rise in quarterly revenue when it reports  results on November
3. 
* The Atchison, Kansas-based company is expected to report  a
43.7% increase in revenue to $147.95 million from $102.96
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for MGP Ingredients Inc is
for earnings of 40 cents per share. For the same quarter last
year, the company reported earnings of 61 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"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 $75​, about 14.4% above​ its last closing price
of $64.21. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 302021   0.59        0.59       1.27      Beat    115.3
 Mar. 312021   0.55        0.58       1.01      Beat    74.1
 Dec. 312020   0.63        0.62       0.75      Beat    20.3​
 Sep. 302020   0.53        0.54       0.61      Beat    12.3
 ​​Jun.        0.49        0.48       0.54      Beat    13
 302020                                                 
 Mar. 312020   0.36        0.36       0.61      Beat    67.9​
 Dec. 312019   0.70        0.70       0.76      Beat    8.6
 Sep. 302019   0.62        0.65       0.48      Missed  -25.6
 This summary was machine generated November 1 at 18:31 GMT.  All
figures in US dollars unless otherwise stated