MagnaChip Semiconductor Corp expected to post a loss of 20 cents a share - Earnings Preview

MagnaChip Semiconductor

04/08/2023 23:48

* MagnaChip Semiconductor Corp  MX.N   MX  is expected
to show a
fall in quarterly revenue when it reports  results on August 7. 
    * The Luxembourg Luxembourg-based   company is expected to
report 
a 40.3% decrease in revenue to $60.5 million from $101.38
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on May
3 2023, for the period ended June 30, was for revenue between
$58.00 million and $63.00 million.
    * ​Refinitiv's mean analyst estimate for MagnaChip
Semiconductor
Corp is for a loss of 20 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 $9.27. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for gross profit margin between USD21% and USD23%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.27       -0.27      -0.24     Beat    11.1
 Dec. 31 2023  -0.20       -0.20      -0.36     Missed  -80
 Sep. 30 2022  -0.04       -0.06      0.02      Beat    135.3​
 Jun. 30 2022  0.19        0.18       0.23      Beat    25.5
 ​​Mar.        0.24        0.24       0.28      Beat    18.3
 31 2022                                                
 Dec. 31 2021  0.23        0.28       0.31      Beat    10.7​
 Sep. 30 2021  0.20        0.22       0.42      Beat    87.8
 Jun. 30 2021  0.21        0.20       0.15      Missed  -23.9
 This summary was machine generated August 4 at 22:48 GMT.  All
figures in US dollars  unless otherwise stated