MGP Ingredients Q3 2024 Adj. EPS $1.29 Beats $1.25 Estimate, Sales $161.461M Miss $161.551M Estimate
Portfolio Pulse from Benzinga Newsdesk
MGP Ingredients reported Q3 2024 earnings per share of $1.29, surpassing the analyst estimate of $1.25. However, sales were slightly below expectations at $161.461 million, marking a 23.70% decrease from the previous year.
October 31, 2024 | 11:36 am
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NEUTRAL IMPACT
MGP Ingredients reported better-than-expected Q3 EPS of $1.29, but sales slightly missed estimates and were down 23.70% year-over-year.
The positive EPS surprise is offset by the sales miss and significant year-over-year decline, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100