MGP Ingredients Inc expected to post earnings of 63  cents a share - Earnings Preview

MGP Ingredients

22/02/2022 14:30

* MGP Ingredients Inc  MGPI.OQ   MGPI.O  is expected to show
a
rise in quarterly revenue when it reports  results on February
24. 
    * The Atchison Kansas-based  company is expected to report 
a
51.3% increase in revenue to $152.688 million from $100.92
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 63 cents per share. For the same quarter last
year, the company reported earnings of 75 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $99​, about 21% above​ its last closing price
of $78.18. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  0.40        0.40       1.09      Beat    172.5
 Jun. 30 2021  0.59        0.59       1.27      Beat    115.3
 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.        0.53        0.54       0.61      Beat    12.3
 30 2020                                                
 Jun. 30 2020  0.49        0.48       0.54      Beat    13​
 Mar. 31 2020  0.36        0.36       0.61      Beat    67.9
 Dec. 31 2019  0.70        0.70       0.76      Beat    8.6
 This summary was machine generated February 22 at 14:30 GMT. 
All figures in US dollars  unless otherwise stated