MGP Ingredients Inc expected to post earnings of 96  cents a share - Earnings Preview

MGP Ingredients

03/05/2022 16:45

* MGP Ingredients Inc  MGPI.OQ   MGPI.O  is expected to show
a
rise in quarterly revenue when it reports  results on May 5. 
    * The Atchison Kansas-based  company is expected to report 
a
60.3% increase in revenue to $173.599 million from $108.32
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for MGP Ingredients Inc
is
for earnings of 96 cents per share. For the same quarter last
year, the company reported earnings of $1.01 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $99.5​, above​ its last closing price of $90.80. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2021  0.59        0.59       1.27      Beat    115.3​
 Mar. 31 2021  0.55        0.58       1.01      Beat    74.1
 ​​Dec.        0.63        0.62       0.75      Beat    20.3
 31 2020                                                
 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
 This summary was machine generated May 3 at 15:45 GMT.  All
figures in US dollars  unless otherwise stated