MGP Ingredients Inc expected to post earnings of 59 cents a share - Earnings Preview

MGP Ingredients

02/08/2021 14:26

* MGP Ingredients Inc  MGPI.OQ   MGPI.O  is expected to show a
rise in quarterly revenue when it reports results on August 4. 
* The Atchison, Kansas-based company is expected to report   a
57.0% increase in revenue to $145.327 million from $92.56
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 59 cents per share. For the same quarter last
year, the company reported earnings of 54 cents per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"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 $70​, about 14.8% above​ its last closing price
of $59.65. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.55        0.58       1.01      Beat    74.1
 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.          0.36​       0.36       0.61      Beat    67.9​
 31​ 2020​                                              
 Dec. 31 2019  0.70        0.70       0.76      Beat    8.6​
 Sep. 30 2019  0.62        0.65       0.48      Missed  -25.6
 Jun. 30 2019  0.52        0.52       0.46      Missed  -11.5
 This summary was machine generated August 2 at 13:26 GMT.  All
figures in US dollars unless otherwise stated