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

MagnaChip Semiconductor

02/11/2023 22:49

* MagnaChip Semiconductor Corp  MX.N  reported a quarterly
adjusted loss of 4 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 2 cents.  The mean expectation of
three analysts for the quarter was for a loss of 17 cents per
share. Wall Street expected results to range from -31 cents
to -6 cents per share.
    * Revenue fell 14% to $61.25 million from a year ago;
analysts
expected $61.83 million. 
    * MagnaChip Semiconductor Corp's reported EPS for the
quarter was
a loss of 13 cents​.
    * The company reported a quarterly loss of $5.17 million.
    * MagnaChip Semiconductor Corp shares had fallen by 10.6%
this
quarter and lost 20.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 72.8%
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." 
    * Wall Street's median 12-month price target for MagnaChip
Semiconductor Corp is $14.00 

This summary was machine generated from LSEG data November 2 at
10:48 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.17          -0.04          Beat
 Jun. 30 2023      -0.20          -0.06          Beat
 Mar. 31 2023      -0.27          -0.24          Beat
 Dec. 31 2022      -0.20          -0.36          Missed