MagnaChip Semiconductor Corp expected to post a loss of 6 cents a share - Earnings Preview

MagnaChip Semiconductor

31/10/2022 22:39

* MagnaChip Semiconductor Corp  MX.N   MX  is expected
to show a
fall in quarterly revenue when it reports  results on November
2. 
    * The Luxembourg Luxembourg-based   company is expected to
report 
a 43.0% decrease in revenue to $72.333 million from $127 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on August 8
2022, for the period ended September 30, was for revenue between
$70.00 million and $75.00 million.
    * ​Refinitiv's mean analyst estimate for MagnaChip
Semiconductor
Corp is for a loss of 6 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 $21​, above​ its last closing price
of $9.95. ​​​

The company's guidance on August 8 2022 for the period ended
September 30 was for gross profit margin between USD26.5% and
USD28.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Sep. 30 2021  0.20        0.22       0.42      Beat    87.8
 ​​Jun.        0.21        0.20       0.15      Missed  -23.9
 30 2021                                                
 Mar. 31 2021  0.14        0.14       0.22      Beat    61.8​
 Dec. 31 2020  0.13        0.13       0.40      Beat    216.8
 Sep. 30 2020  0.07        0.07       0.14      Beat    100.9
 This summary was machine generated October 31 at 22:39 GMT.  All
figures in US dollars  unless otherwise stated