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

MGP Ingredients

04/08/2021 14:32

* MGP Ingredients Inc  MGPI.OQ  reported quarterly adjusted
earnings of $1.27​​ per share for the quarter ended in June. The
mean expectation of three analysts for the quarter was
for earnings of 59 cents per share.
* Revenue rose 89% to $174.94 million from a year ago;  analysts
expected $145.33 million. 
* MGP Ingredients Inc's reported EPS for the quarter was 91
cents​.
* The mean earnings estimate of analysts had risen by
about 14.6% 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 12.3% this
quarter and gained 26.0% so far this year.
* The company reported quarterly net income of $19.99 million.
* Wall Street's median 12-month price target for MGP Ingredients
Inc is $70.00 
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
This summary was machine generated August 4 at 01:31 p.m.  ​All
figures in US dollars unless otherwise stated