MagnaChip Semiconductor Corp expected to post a loss of 27 cents a share - Earnings Preview

MagnaChip Semiconductor

02/05/2023 03:05

* MagnaChip Semiconductor Corp  MX.N   MX  is expected
to show a
fall in quarterly revenue when it reports  results on May 3. 
    * The Luxembourg Luxembourg-based   company is expected to
report 
a 45.2% decrease in revenue to $57 million from $104.09 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. The company's guidance on February 16
2023, for the period ended March 31, was for revenue between
$55.00 million and $59.00 million.
    * ​Refinitiv's mean analyst estimate for MagnaChip
Semiconductor
Corp is for a loss of 27 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 $8.68. ​​​

The company's guidance on February 16 2023 for the period ended
March 31 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  
 Dec. 31 2022  -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. 31 2022  0.24        0.24       0.28      Beat    18.3
 ​​Dec.        0.23        0.28       0.31      Beat    10.7
 31 2021                                                
 Sep. 30 2021  0.20        0.22       0.42      Beat    87.8​
 Jun. 30 2021  0.21        0.20       0.15      Missed  -23.9
 Mar. 31 2021  0.14        0.14       0.22      Beat    61.8
 This summary was machine generated May 2 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated