MagnaChip Semiconductor Corp expected to post a loss of 33 cents a share - Earnings Preview

MagnaChip Semiconductor

30/04/2024 21:04

* MagnaChip Semiconductor Corp  MX.N   MX  is expected
to show a
fall in quarterly revenue when it reports  results on May 2 for
the period ending March 31 2024
    * The Luxembourg Luxembourg-based   company is expected to
report
a 14.5% decrease in revenue to $48.733 million from $57.01
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on February
28 2024, for the period ended March 31, was for revenue between
$46.00 million and $51.00 million.
    * ​LSEG's mean analyst estimate for MagnaChip Semiconductor
Corp
is for a loss of 33 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 $10.00​, above​ its last closing price
of $5.00. ​​​

The company's guidance on February 28 2024 for the period ended
March 31 was for gross profit margin between USD17% and USD20%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.26       -0.26      -0.04     Beat    83.2
 Jan. 1 2023   -0.22       -0.17      -0.04     Beat    76.9
 Jun. 30 2023  -0.19       -0.20      -0.06     Beat    69.5​
 Jan. 1 0001   -0.27       -0.27      -0.24     Beat    11.1
 ​​Dec.        -0.20       -0.20      -0.36     Missed  -80
 31 2022                                                
 Sep. 30 2022  -0.04       -0.06      0.02      Beat    135.3​
 Jan. 1 0001   0.19        0.18       0.23      Beat    25.5
 Mar. 31 2022  0.24        0.24       0.28      Beat    18.3
 This summary was machine generated April 30 at 20:04 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)