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

MagnaChip Semiconductor

03/05/2023 23:21

* MagnaChip Semiconductor Corp  MX.N  reported a quarterly
adjusted loss of 24 cents​​ per share for the quarter ended in
March. The mean expectation of three analysts for the quarter
was for a loss of 27 cents per share.
    * Revenue fell 45.2% to $57.01 million from a year ago;
analysts
expected $57.00 million. 
    * MagnaChip Semiconductor Corp's reported EPS for the
quarter was
a loss of 49 cents​.
    * The mean earnings estimate of analysts had fallen by
about 170%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * MagnaChip Semiconductor Corp shares had fallen by 6.9%
this
quarter and lost 8.0% so far this year.
    * The company reported a quarterly loss of $21.47 million.
    * Wall Street's median 12-month price target for MagnaChip
Semiconductor Corp is $14.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
3 at 10:20 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.27          -0.24          Beat
 Dec. 31 2022      -0.20          -0.36          Missed
 Sep. 30 2022      -0.06          0.02           Beat
 Jun. 30 2022      0.18           0.23           Beat