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

MGP Ingredients

04/05/2023 14:33

* MGP Ingredients Inc  MGPI.OQ  reported quarterly adjusted
earnings of $1.39​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of $1.10 per share.
    * Revenue rose 3% to $201.01 million from a year ago;
analysts
expected $194.39 million. 
    * MGP Ingredients Inc's reported EPS for the quarter was
$1.39​.
    * The mean earnings estimate of analysts had fallen by
about 16.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * MGP Ingredients Inc shares had fallen by 1.3% this
quarter and
lost 10.3% so far this year.
    * The company reported quarterly net income of $30.76
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 LSEG Refinitiv data May
4 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.10           1.39           Beat
 Dec. 31 2022      0.85           1.01           Beat
 Sep. 30 2022      0.95           1.06           Beat
 Jun. 30 2022      0.94           1.15           Beat