MGP Ingredients Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.11-01

MGP Ingredients (NASDAQ:MGPI) Third Quarter 2024 Results Key Financial Results Revenue: US$161.5m (down 24% from 3Q 2023). Net income: US$24.2m (up 85% from 3Q 2023). Profit margin: 15% (up from 6.2%...

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The increase in margin was driven by lower expenses.NasdaqGS:MGPI Earnings and Revenue Growth November 1st 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  missed analyst estimates by 2.7%.Looking ahead, revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Beverage industry in the US are expected to grow by 4.6%.The company's shares are down 16% from a week ago.Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on MGP Ingredients' balance sheet.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MGP":"MGM Growth Properties LLC","MGPI":"MGP Ingredients"},"translate_title":"MGP Ingredients 2024年第三季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGP":1,"MGPI":1},"content_text":"MGP Ingredients (NASDAQ:MGPI) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$161.5m (down 24% from 3Q 2023).\nNet income: US$24.2m (up 85% from 3Q 2023).\nProfit margin: 15% (up from 6.2% in 3Q 2023). The increase in margin was driven by lower expenses.\nEPS: US$1.10 (up from US$0.59 in 3Q 2023).\n\n\n\n\n  NasdaqGS:MGPI Earnings and Revenue Growth November 1st 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nMGP Ingredients EPS Misses Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. \n Looking ahead, revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Beverage industry in the US are expected to grow by 4.6%. \nPerformance of the American Beverage industry.\n The company's shares are down 16% from a week ago. \nBalance Sheet Analysis\n Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on MGP Ingredients' balance sheet. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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