MGP Ingredients Sees FY24 $742M - $756M Vs. $754.62M Est; Adj EPS Of $6.12 - $6.23 Vs. $6.16 Est.
Portfolio Pulse from Benzinga Newsdesk
MGP Ingredients projects its FY24 revenue to be between $742M and $756M, compared to the estimated $754.62M. The adjusted EPS is forecasted to be between $6.12 and $6.23, closely aligning with the $6.16 estimate.

May 02, 2024 | 11:36 am
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MGP Ingredients forecasts FY24 revenue and adjusted EPS that closely align with analyst estimates, indicating stable financial expectations.
MGP Ingredients' FY24 revenue and EPS forecasts are very close to analyst estimates, suggesting that the company's financial performance is expected to be stable. This alignment with expectations indicates that there may not be significant short-term price movement as the market has likely already priced in these expectations. However, the close watch on actual performance against these forecasts will be crucial for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100