Magna International Inc <MG.TO> expected to post earnings of $1.41 a share - Earnings Preview
Magna International Inc MG.TO is expected to show a fall in quarterly revenue when it reports results on November 1 for the period ending September 30 2024
The Aurora Ontario-based company is expected to report a 3.0% decrease in revenue to $10.363 billion from $10.69 billion a year ago, according to the mean estimate from 17 analysts, based on LSEG data.
LSEG's mean analyst estimate for Magna International Inc is for earnings of $1.41 per share.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Magna International Inc is $50.00, above its last closing price of $41.61.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jun. 30 2024 | 1.45 | 1.44 | 1.35 | Missed | -6.5 |
Mar. 31 2024 | 1.21 | 1.25 | 1.08 | Missed | -13.3 |
Dec. 31 2023 | 1.49 | 1.48 | 1.33 | Missed | -9.9 |
Sep. 30 2023 | 1.34 | 1.33 | 1.46 | Beat | 9.6 |
Jun. 30 2023 | 1.23 | 1.23 | 1.50 | Beat | 21.7 |
Mar. 31 2023 | 0.89 | 0.85 | 1.11 | Beat | 30.8 |
Dec. 31 2022 | 0.85 | 1.06 | 0.91 | Missed | -14.4 |
Sep. 30 2022 | 1.08 | 1.13 | 1.07 | Missed | -5.5 |
This summary was machine generated October 30 at 13:25 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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