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

MGP Ingredients

03/11/2021 14:11

* MGP Ingredients Inc  MGPI.OQ  reported quarterly adjusted
earnings of $1.09​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 40 cents per share.
* Revenue rose 71.5% to $176.61 million from a year ago; 
analysts expected $147.95 million. 
* MGP Ingredients Inc's reported EPS for the quarter was $1.08​.
* The mean earnings estimate of analysts had fallen by
about 41.2% 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 3.5% this quarter and
gained 43.2% so far this year.
* The company reported quarterly net income of $23.7 million.
* Wall Street's median 12-month price target for MGP Ingredients
Inc is $75.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
This summary was machine generated November 3 at 02:10 p.m.
 ​All figures in US dollars unless otherwise stated