MGP Ingredients Inc reports results for the quarter ended in December - Earnings Summary

MGP Ingredients

23/02/2023 14:32

* MGP Ingredients Inc  MGPI.OQ  reported quarterly adjusted
earnings of $1.01​​ per share for the quarter ended in December.
The mean expectation of seven analysts for the quarter was
for earnings of 85 cents per share.
    * Revenue rose 14.5% to $191.00 million from a year ago;
analysts
expected $183.82 million. 
    * MGP Ingredients Inc's reported EPS for the quarter was
$1.01​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * MGP Ingredients Inc shares had fallen by 9.6% this
quarter.
    * The company reported quarterly net income of $22.48
million.
    * Wall Street's median 12-month price target for MGP
Ingredients
Inc is $125.00 
    * 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." 

This summary was machine generated from Refinitiv data February
23 at 02:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.85           1.01           Beat
 Sep. 30 2022      0.95           1.06           Beat
 Jun. 30 2022      0.94           1.15           Beat
 Mar. 31 2022      0.96           1.69           Beat