MGP Ingredients Sees FY24 Sales $742M-$756M Vs $755.868M Est.; Adj. EPS $6.12-$6.23 Vs $6.17 Est.
Portfolio Pulse from Benzinga Newsdesk
MGP Ingredients has released its financial guidance for FY24, projecting sales between $742 million and $756 million, compared to the estimated $755.868 million. The company also expects adjusted EPS to be in the range of $6.12 to $6.23, versus the estimated $6.17.
August 01, 2024 | 11:36 am
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MGP Ingredients has provided its FY24 financial guidance, with sales expected between $742M and $756M, and adjusted EPS between $6.12 and $6.23. These figures are close to market estimates, indicating stable performance.
The projected sales and EPS are close to market estimates, suggesting that the company's performance is in line with expectations. This is likely to result in a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100