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MX MagnaChip Semiconductor News Story

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MagnaChip Semiconductor Corp expected to post a loss of 19 cents a share - Earnings Preview

MagnaChip Semiconductor Corp MX.N, MX is expected to show a rise in quarterly revenue when it reports  results on March 12 for the period ending December 31 2024

The Luxembourg Luxembourg-based   company is expected to report a 21.1% increase in revenue to $61.567 million from $50.82 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on October 30 2024, for the period ended December 31, was for revenue between $59.00 million and $64.00 million.

​LSEG's mean analyst estimate for MagnaChip Semiconductor Corp is for a loss of 19 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 $7.00​, above​ its last closing price of $4.12. ​​​

The company's guidance on October 30 2024 for the period ended December 31 was for gross profit margin between USD21.5% and USD23.5%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDINGSTARMINESMARTESTIMATE®LSEG IBES ESTIMATEACTUALBEAT, MET, MISSEDSURPRISE %
Sep. 30 2024-0.20-0.19-0.34Missed-82.1
Jun. 30 2024-0.34-0.33-0.21Beat36.4
Mar. 31 2024-0.33-0.33-0.28Beat14.3​
Dec. 31 2023-0.26-0.26-0.04Beat83.2
​​Sep. 30 2023-0.22-0.17-0.04Beat76.9
Jun. 30 2023-0.19-0.20-0.06Beat69.5​
Mar. 31 2023-0.27-0.27-0.24Beat11.1
Dec. 31 2022-0.20-0.20-0.36Missed-80
This summary was machine generated March 10 at 12:41 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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