MGP Ingredients Inc (NASDAQ: MGPI) has reported earnings for its first fiscal quarter (ending March 31) of $0.92 versus $1.40 for the same period a year ago — a decline of -34%. This result fell short of the consensus estimate of $1.32 by $-0.40. For the latest four quarters through March 31, E.P.S. were $4.34 versus $4.64 for the same period a year ago — a decline of -6%.
Recent Price Action
On 5/2/24, MGP Ingredients Inc (NASDAQ: MGPI) stock enjoyed a very large increase of 5.1%, closing at $82.26. Moreover, trading volume in this advance was above average at 135% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 5.6% during the last week.
Current PriceTarget Research Rating
MGPI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
MGP Ingredients has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. MGP Ingredients has a neutral Appreciation Score of 58 but a very low Power Rating of 14, producing the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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