MGP Ingredients Inc expected to post earnings of 58  cents a share - Earnings Preview

MGP Ingredients

03/05/2021 15:11

* MGP Ingredients Inc  MGPI.OQ   MGPI.O  is expected to show
a fall in quarterly revenue when it reports results on May 5.
* The Atchison, Kansas-based company is expected to report  a
1.3% decrease in revenue to $97.767 million from $99.08 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data.​​
​* Refinitiv's mean analyst estimate for MGP Ingredients Inc is
for earnings of 58 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 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts had risen by about 0.5%
in the last three months.​
* Wall Street's median 12-month price target for MGP Ingredients
Inc is $71.5​, about 15.9% above​ its last closing price
of $60.10. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020  0.63        0.62       0.75      Beat    20.3
 Sep. 30 2020  0.53        0.54       0.61      Beat    12.3
 Jun. 30 2020  0.49        0.48       0.54      Beat    13​
 Mar. 31 2020  0.36        0.36       0.61      Beat    67.9
 Dec.          0.70​       0.70       0.76      Beat    8.6​
 31​ 2019​                                              
 Sep. 30 2019  0.62        0.65       0.48      Missed  -25.6​
 Jun. 30 2019  0.52        0.52       0.46      Missed  -11.5
 Mar. 31 2019  0.53        0.50       0.57      Beat    14
 This summary was machine generated May 3 at 14:11 GMT.  All
figures in US dollars unless otherwise stated