MGP Ingredients Inc expected to post earnings of 95cents a share - Earnings Preview

MGP Ingredients

01/11/2022 14:45

* 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
8.0% increase in revenue to $190.808 million from $176.61
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for MGP Ingredients Inc
is
for earnings of 95 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 $125​, above​ its last closing price of $112.05. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.93        0.94       1.15      Beat    22.6
 Mar. 31 2022  0.95        0.96       1.69      Beat    77
 Dec. 31 2021  0.65        0.63       0.87      Beat    37.4​
 Sep. 30 2021  0.40        0.40       1.09      Beat    172.5
 ​​Jun.        0.59        0.59       1.27      Beat    115.3
 30 2021                                                
 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
 This summary was machine generated November 1 at 14:45 GMT.  All
figures in US dollars  unless otherwise stated