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

MagnaChip Semiconductor

29/10/2024 03:02

* MagnaChip Semiconductor Corp  MX.N   MX  is expected
to show a
rise in quarterly revenue when it reports  results on October 30
for the period ending September 30 2024
    * The Luxembourg Luxembourg-based   company is expected to
report
a 4.6% increase in revenue to $64.033 million from $61.25
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on July 31
2024, for the period ended September 30, was for revenue between
$61.50 million and $66.50 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 7.50​, above​ its last closing price
of $4.64. ​​​

The company's guidance on July 31 2024 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  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.34       -0.33      -0.21     Beat    36.4
 Mar. 31 2024  -0.33       -0.33      -0.28     Beat    14.3
 Dec. 31 2023  -0.26       -0.26      -0.04     Beat    83.2​
 Jan. 1 0001   -0.22       -0.17      -0.04     Beat    76.9
 ​​Jun.        -0.19       -0.20      -0.06     Beat    69.5
 30 2023                                                
 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
 This summary was machine generated October 29 at 03:02 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)