Food and beverage supplier MGP Ingredients (NASDAQ:MGPI) will be announcing earnings results tomorrow before the bell. Here’s what to look for.
MGP Ingredients beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $180.8 million, down 15.9% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations.
Is MGP Ingredients a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting MGP Ingredients’s revenue to decline 31.1% year on year to $117.5 million, a further deceleration from the 15.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.37 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MGP Ingredients has missed Wall Street’s revenue estimates twice over the last two years.
Looking at MGP Ingredients’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Boston Beer delivered year-on-year revenue growth of 6.5%, beating analysts’ expectations by 4.1%, and Coca-Cola reported flat revenue, topping estimates by 0.6%. Boston Beer traded up 2.8% following the results.
Read our full analysis of Boston Beer’s results here and Coca-Cola’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the beverages, alcohol, and tobacco stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.8% on average over the last month. MGP Ingredients is up 3.6% during the same time and is heading into earnings with an average analyst price target of $40.17 (compared to the current share price of $29.55).
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