MGP Ingredients Q2 revenue falls 15% on lower demand for aged whiskey
MGPI•Quarterly results and analyst context
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Miss | $124.4 million | $125.16 million (5 analysts) |
| Q2 Adjusted EPS | Beat | $0.72 | $0.47 (5 analysts) |
| Q2 Net Income | $12 million | ||
| Q2 Adjusted EBITDA | $27.60 million | ||
| Q2 Operating Income | $17.7 million |
The current average analyst rating on the shares is buy, with 4 strong buy or buy ratings, 1 hold, and no sell or strong sell ratings. The average consensus recommendation for the distillers & wineries peer group is buy.
Wall Street's median 12-month price target for MGP Ingredients Inc is $31.00, about 65.7% above its July 28 closing price of $18.71. The stock recently traded at the next 12-month earnings, versus a P/E of three months ago.
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