MGP Ingredients Q2 Adj EPS $1.49 Beats $1.25 Estimate, Sales $209.00M Beat $205.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
MGP Ingredients reported Q2 adjusted earnings of $1.49 per share, beating the analyst consensus estimate of $1.25 by 19.2%. This is a 29.57% increase over earnings of $1.15 per share from the same period last year. The company also reported quarterly sales of $209.00 million, beating the analyst consensus estimate of $205.48 million by 1.71%. This is a 7.19% increase over sales of $194.98 million the same period last year.

August 04, 2023 | 1:02 pm
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POSITIVE IMPACT
MGP Ingredients reported better than expected Q2 earnings and sales, which could positively impact the stock price.
MGP Ingredients reported Q2 earnings and sales that beat analyst estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100