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

MagnaChip Semiconductor

30/07/2024 24:05

* MagnaChip Semiconductor Corp  MX.N   MX  is expected
to show a
fall in quarterly revenue when it reports  results on July 31
for the period ending June 30 2024
    * The Luxembourg Luxembourg-based   company is expected to
report
a 15.6% decrease in revenue to $51.467 million from $60.98
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on May 2
2024, for the period ended June 30, was for revenue between
$49.00 million and $54.00 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 $8.00​, above​ its last closing price
of $5.00. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for gross profit margin between USD17% and USD19%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.33       -0.33      -0.28     Beat    14.3
 Dec. 31 2024  -0.26       -0.26      -0.04     Beat    83.2
 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.        -0.27       -0.27      -0.24     Beat    11.1
 31 2023                                                
 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
 This summary was machine generated July 29 at 23:05 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)