MGP Ingredients, Inc. reports results for the quarter ended September 30 - Earnings Summary

• MGP Ingredients, Inc. reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of five analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 26 cents to 38 cents per share.

• Revenue fell 9.9% to $117.91 million from a year ago; analysts expected $119.70 million.

• MGP Ingredients, Inc.'s reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $6.8 million.

• MGP Ingredients, Inc. shares had risen by 15.6% this quarter and lost 37.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 30% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "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 $30.00, about 48.9% above its last closing price of $15.32

This summary was machine generated from LSEG data October 28 at 02:26 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)