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MGP Ingredients, MGPI, set to release Q1 earnings tomorrow, expected to show a 13.7% year-over-year revenue drop, a slight improvement from last years 28.7% plunge. Despite analysts mostly holding steady, MGPI has missed revenue targets in the past two years. Last quarter, sales dropped 23.5%, beating some estimates but falling short on full-year guidance. Peer companies in the beverages, alcohol, and tobacco sector have seen mixed results, with Keurig Dr Pepper growing 9.4% and Constellation Brands dipping 11.3%. MGPI shares climbed 10.2% in the past month, now trading around $20.28, with analysts targeting $28.80. Tomorrows report could indicate if MGPIs rebound is genuine or just hype in this volatile sector.

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