Why MGP Ingredients (MGPI) Shares Are Trading Lower Today [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
results and provided full-year revenue guidance that fell below analysts' expectations. The weak guidance likely reflects uncertainty regarding the macro picture, with the company highlighting several industry headwinds. Management added that "we continue to monitor the potential impact of inventory levels at distributors, overall American whiskey supply and consumption patterns, and inflation on consumers." On the other hand, MGP Ingredients blew past analysts' EPS expectations during the quarter. Its revenue also outperformed Wall Street's estimates. In particular, the company's premium branded spirits portfolio grew by an astonishing 50% year on year. Overall, it was a mixed quarter, with the market likely worried about the weak guidance. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy MGP Ingredients? Access our full analysis report here, it's free What is the market telling us: MGP In
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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