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

MagnaChip Semiconductor

02/05/2024 23:39

* MagnaChip Semiconductor Corp  MX.N  reported a quarterly
adjusted loss of 28 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of -24 cents.  The mean expectation of
three analysts for the quarter was for a loss of 33 cents per
share. Wall Street expected results to range from -35 cents
to -30 cents per share.
    * Revenue fell 13.9% to $49.07 million from a year ago;
analysts
expected $48.73 million. 
    * MagnaChip Semiconductor Corp's reported EPS for the
quarter was
a loss of 40 cents​.
    * The company reported a quarterly loss of $15.42 million.
    * MagnaChip Semiconductor Corp shares had fallen by 12.0%
this
quarter and lost 34.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 37%
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 $10.00 
This summary was machine generated from LSEG data May 2 at 10:39
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
 Mar. 31 2024      -0.33          -0.28          Beat
 Dec. 31 2023      -0.26          -0.04          Beat
 Sep. 30 2023      -0.17          -0.04          Beat
 Jun. 30 2023      -0.20          -0.06          Beat