MagnaChip Semiconductor Corp expected to post a loss of 26 cents a share - Earnings Preview

MagnaChip Semiconductor

27/02/2024 01:47

* MagnaChip Semiconductor Corp  MX.N   MX  is expected
to show a
fall in quarterly revenue when it reports  results on February
28 for the period ending December 31 2023
    * The Luxembourg Luxembourg-based   company is expected to
report
a 14.0% decrease in revenue to $52.467 million from $60.99
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on November
2 2023, for the period ended December 31, was for revenue
between $50.00 million and $55.00 million.
    * ​LSEG's mean analyst estimate for MagnaChip Semiconductor
Corp
is for a loss of 26 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 $11.50​, above​ its last closing price
of $6.63. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 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  
 Sep. 30 2023  -0.22       -0.17      -0.04     Beat    76.9
 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.        -0.04       -0.06      0.02      Beat    135.3
 30 2022                                                
 Jun. 30 2022  0.19        0.18       0.23      Beat    25.5​
 Mar. 31 2022  0.24        0.24       0.28      Beat    18.3
 Dec. 31 2021  0.23        0.28       0.31      Beat    10.7
 This summary was machine generated February 27 at 01:47 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)