Unpacking Q4 Earnings: MGP Ingredients (NASDAQ:MGPI) In The Context Of Other Beverages and Alcohol Stocks [Yahoo! Finance]
MGP Ingredients, Inc. (MGPI)
Last mgp ingredients, inc. earnings: 4/30 07:30 am
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US:NASDAQ Investor Relations:
ir.mgpingredients.com
Company Research
Source: Yahoo! Finance
These companies' performance is influenced by brand strength, marketing strategies, and shifts in consumer preferences. Changing consumption patterns are particularly relevant and can be seen in the explosion of alcoholic craft beer drinks or the steady decline of non-alcoholic sugary sodas. Companies that spend on innovation to meet consumers where they are with regards to trends can reap huge demand benefits while those who ignore trends can see stagnant volumes. Finally, with the advent of the social media, the cost of starting a brand from scratch is much lower, meaning that new entrants can chip away at the market shares of established players. The 14 beverages and alcohol stocks we track reported a weaker Q4; on average, revenues were in line with analyst consensus estimates while next quarter's revenue guidance was 20.2% below consensus. Investors abandoned cash-burning companies to buy stocks with higher margins of safety, but beverages and alcohol stocks held their ground
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MGPI
News
- MGP Ingredients, Inc. (NASDAQ: MGPI) had its price target lowered by analysts at Roth Mkm from $95.00 to $92.00. They now have a "buy" rating on the stock.MarketBeat
- Why MGP Ingredients (MGPI) Stock Is Up Today [Yahoo! Finance]Yahoo! Finance
- Here's Why MGP Ingredients (MGPI) Declined in Q1 [Yahoo! Finance]Yahoo! Finance
- MGP Ingredients's (NASDAQ:MGPI) Q1 Earnings Results: Revenue In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- MGP Ingredients Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
MGPI
Earnings
- 5/2/24 - Beat
MGPI
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/30/24 - Form 144
- MGPI's page on the SEC website