MGP Ingredients: Q1 Earnings Insights

Loading...
Loading...

MGP Ingredients MGPI reported its Q1 earnings results on Thursday, May 4, 2023 at 07:25 AM.

Here's what investors need to know about the announcement.

Earnings

MGP Ingredients beat estimated earnings by 25.23%, reporting an EPS of $1.39 versus an estimate of $1.11.

Revenue was up $5.78 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.16 which was followed by a 1.86% drop in the share price the next day.

Here's a look at MGP Ingredients's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.85 0.95 0.94 0.95
EPS Actual 1.01 1.06 1.15 1.69
Revenue Estimate 183.82M 190.81M 173.00M 173.60M
Revenue Actual 191.00M 201.15M 194.98M 195.24M

To track all earnings releases for MGP Ingredients visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...