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

MGP Ingredients

05/05/2021 15:49

* MGP Ingredients Inc  MGPI.OQ  reported quarterly adjusted
earnings of $1.01​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 58 cents per share.
* Revenue rose 9.3% to $108.32 million from a year ago​; 
analysts expected $97.77 million.
* MGP Ingredients Inc's reported EPS for the quarter was 90
cents​.
* The mean earnings estimate of analysts had fallen by
about 7.2% 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 risen by 2.6% this quarter and
gained 29.0% so far this year.
* The company reported quarterly net income of $15.28 million.
* Wall Street's median 12-month price target for MGP Ingredients
Inc is $71.50 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
This summary was machine generated May 5 at 02:49 p.m. GMT. ​All
figures in US Dollars.​