MagnaChip Semiconductor Corp reports results for the quarter ended in December - Earnings Summary

MagnaChip Semiconductor

28/02/2024 23:45

* MagnaChip Semiconductor Corp  MX.N  reported a quarterly
adjusted loss of 21 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -36 cents.  The mean expectation of
three analysts for the quarter was for a loss of 26 cents per
share. Wall Street expected results to range from -37 cents
to -20 cents per share.
    * Revenue fell 16.7% to $50.82 million from a year ago;
analysts
expected $52.47 million. 
    * MagnaChip Semiconductor Corp's reported EPS for the
quarter was
a loss of 16 cents​.
    * The company reported a quarterly loss of $6.04 million.
    * MagnaChip Semiconductor Corp shares had fallen by 13.1%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for MagnaChip
Semiconductor Corp is $11.50 
This summary was machine generated from LSEG data February 28 at
11:44 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.26          -0.21          Beat
 Sep. 30 2023      -0.17          -0.04          Beat
 Jun. 30 2023      -0.20          -0.06          Beat
 Mar. 31 2023      -0.27          -0.24          Beat