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

MGP Ingredients

02/11/2023 13:34

* MGP Ingredients Inc  MGPI.OQ  reported quarterly adjusted
earnings of 58 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.06.  The mean expectation of
seven analysts for the quarter was for earnings of $1.29 per
share. Wall Street expected results to range from $1.16 
to $1.44 per share.
    * Revenue rose 5.2% to $211.62 million from a year ago;
analysts
expected $208.43 million. 
    * MGP Ingredients Inc's reported EPS for the quarter was 58
cents​.
    * The company reported quarterly net income of $13.08
million.
    * MGP Ingredients Inc shares had fallen by 10.8% this
quarter and
lost 11.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the distillers &
wineries peer group is also "buy"

Wall Street's median 12-month price target for MGP Ingredients
Inc is $135.00 
This summary was machine generated from LSEG data November 2 at
01:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.29           0.58           Missed
 Jun. 30 2023      1.25           1.44           Beat
 Mar. 31 2023      1.10           1.39           Beat
 Dec. 31 2022      0.85           1.01           Beat