MGP Ingredients Inc (MGPI, Financial) is set to release its Q3 2024 earnings on Oct 31, 2024. The consensus estimate for Q3 2024 revenue is $161.55 million, and the earnings are expected to come in at $1.37 per share. The full year 2024's revenue is expected to be $699.26 million and the earnings are expected to be $5.38 per share. More detailed estimate data can be found on the Forecast page.
MGP Ingredients Inc (MGPI, Financial) Estimates Trends
Over the past 90 days, revenue estimates for MGP Ingredients Inc (MGPI) have seen a downward adjustment from $755.87 million to $699.26 million for the full year 2024, and from $797.35 million to $701.86 million for 2025. Similarly, earnings estimates have been revised downward from $5.97 per share to $5.38 per share for the full year 2024, and from $6.79 per share to $6.11 per share for 2025.
MGP Ingredients Inc (MGPI, Financial) Reported History
In the previous quarter of 2024-06-30, MGP Ingredients Inc's (MGPI) actual revenue was $190.81 million, which beat analysts' revenue expectations of $189.06 million by 0.93%. MGP Ingredients Inc's (MGPI) actual earnings were $1.43 per share, which missed analysts' earnings expectations of $1.52 per share by -5.8%. After releasing the results, MGP Ingredients Inc (MGPI) was up by 5.57% in one day.
MGP Ingredients Inc (MGPI, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 6 analysts, the average target price for MGP Ingredients Inc (MGPI) is $82.67 with a high estimate of $102 and a low estimate of $66. The average target implies an upside of 45.95% from the current price of $56.64.
Based on GuruFocus estimates, the estimated GF Value for MGP Ingredients Inc (MGPI, Financial) in one year is $88.22, suggesting an upside of 55.76% from the current price of $56.64.
Based on the consensus recommendation from 6 brokerage firms, MGP Ingredients Inc's (MGPI, Financial) average brokerage recommendation is currently 2.2, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
