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

MGP Ingredients

05/05/2022 16:40

* MGP Ingredients Inc  MGPI.OQ  reported quarterly adjusted
earnings of $1.69​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 96 cents per share.
    * Revenue rose 80.2% to $195.24 million from a year ago; 
analysts
expected $173.60 million. 
    * MGP Ingredients Inc's reported EPS for the quarter was
$1.69​.
    * The mean earnings estimate of analysts had fallen by
about 6.7%
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 11.6% this
quarter and
gained 12.4% so far this year.
    * The company reported quarterly net income of $37.12
million.
    * Wall Street's median 12-month price target for MGP
Ingredients
Inc is $99.50 
    * 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." 

This summary was machine generated May 5 at 03:39 p.m.  ​All
figures in US dollars unless otherwise stated