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Stock impact report

MGP Ingredients (MGPI) Q1 Earnings: What To Expect [Yahoo! Finance]

MGP Ingredients, Inc. (MGPI) 
Last mgp ingredients, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.mgpingredients.com
Company Research Source: Yahoo! Finance
MGP Ingredients beat analysts' revenue expectations by 4.6% last quarter, reporting revenues of $214.9 million, up 12.5% year on year. It was a decent quarter for the company, with an impressive beat of analysts' gross margin estimates but full-year revenue guidance missing analysts' expectations. Is MGP Ingredients a buy or sell going into earnings? Read our full analysis here, it's free This quarter, analysts are expecting MGP Ingredients's revenue to decline 15.3% year on year to $170.3 million, a reversal from the 3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.99 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MGP Ingredients has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 5.7% on average. Lookin Show less Read more
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