MagnaChip Semiconductor Corp expected to post a loss of 17 cents a share - Earnings Preview

MagnaChip Semiconductor

01/11/2023 02:42

* MagnaChip Semiconductor Corp  MX.N   MX  is expected
to show a
fall in quarterly revenue when it reports  results on November
2. 
    * The Luxembourg Luxembourg-based   company is expected to
report 
a 13.2% decrease in revenue to $61.833 million from $71.2
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data. The company's guidance on August 7
2023, for the period ended September 30, was for revenue between
$59.00 million and $65.00 million.
    * ​Refinitiv's mean analyst estimate for MagnaChip
Semiconductor
Corp is for a loss of 17 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "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 MagnaChip
Semiconductor Corp is $14​, above​ its last closing price
of $7.39. ​​​

The company's guidance on August 7 2023 for the period ended
September 30 was for gross profit margin between USD22.5% and
USD24.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  -0.19       -0.20      -0.06     Beat    69.5
 Mar. 31 2023  -0.27       -0.27      -0.24     Beat    11.1
 Dec. 31 2022  -0.20       -0.20      -0.36     Missed  -80​
 Sep. 30 2022  -0.04       -0.06      0.02      Beat    135.3
 ​​Jun.        0.19        0.18       0.23      Beat    25.5
 30 2022                                                
 Mar. 31 2022  0.24        0.24       0.28      Beat    18.3​
 Dec. 31 2021  0.23        0.28       0.31      Beat    10.7
 Sep. 30 2021  0.20        0.22       0.42      Beat    87.8
 This summary was machine generated November 1 at 02:42 GMT.  All
figures in US dollars  unless otherwise stated