MGP Ingredients Inc expected to post earnings of 98 cents a share - Earnings Preview

MGP Ingredients

30/04/2024 15:31

* MGP Ingredients Inc  MGPI.OQ   MGPI.O  is expected to show
a
fall in quarterly revenue when it reports  results on May 2 for
the period ending March 31 2024
    * The Atchison Kansas-based  company is expected to report a
13.8% decrease in revenue to $173.226 million from $201.01
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for MGP Ingredients Inc is
for
earnings of 98 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 $119.00​, above​ its last closing price of $81.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   1.37        1.36       1.49      Beat    9.7
 Sep. 30 0001  1.32        1.29       0.58      Missed  -55.2
 Jun. 30 2023  1.26        1.25       1.44      Beat    15.2​
 Mar. 31 2023  1.11        1.10       1.39      Beat    26
 ​​Dec.        0.86        0.85       1.01      Beat    18.6
 31 2022                                                
 Sep. 30 2022  0.95        0.95       1.06      Beat    11.6​
 Jun. 30 2022  0.93        0.94       1.15      Beat    22.6
 Jan. 1 0001   0.95        0.96       1.69      Beat    77
 This summary was machine generated April 30 at 14:31 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)