MagnaChip Semiconductor Corp reports results for the quarter ended in September 30 - Earnings Summary

MagnaChip Semiconductor

31/10/2024 02:59

* MagnaChip Semiconductor Corp  MX.N  reported a quarterly
adjusted loss of 34 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of -4 cents.  The mean expectation of
three analysts for the quarter was for a loss of 19 cents per
share. Wall Street expected results to range from -25 cents
to -12 cents per share.
    * Revenue rose 8.5% to $66.46 million from a year ago;
analysts
expected $64.03 million. 
    * MagnaChip Semiconductor Corp's reported EPS for the
quarter was
a loss of 26 cents​.
    * The company reported a quarterly loss of $9.62 million.
    * MagnaChip Semiconductor Corp shares had fallen by 3.6%
this
quarter and lost 40.0% so far this year.

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 7.50 
This summary was machine generated from LSEG data October 31 at
02:59 a.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
 Sep. 30 2024      -0.19          -0.34          Missed
 Jun. 30 2024      -0.33          -0.21          Beat
 Mar. 31 2024      -0.33          -0.28          Beat
 Dec. 31 2023      -0.26          -0.04          Beat