• MGP Ingredients Inc MGPI.OQ reported quarterly adjusted earnings of 97 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.71. The mean expectation of six analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 53 cents to 76 cents per share.

• Revenue fell 23.7% to $145.49 million from a year ago; analysts expected $139.36 million.

• MGP Ingredients Inc's reported EPS for the quarter was 67 cents​.

• The company reported quarterly net income of $14.27 million.

• MGP Ingredients Inc shares had fallen by 2.0% this quarter and lost 25.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.7% 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 5 "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 $39.50, about 25.6% above its last closing price of $29.37

This summary was machine generated from LSEG data July 31 at 01:32 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)