Magna International Inc expected to post earnings of $1.40 a share - Earnings Preview

Magna International

30/10/2024 13:23

* Magna International Inc  MG.TO   is expected to show a
fall in
quarterly revenue when it reports  results on November 1 for the
period ending September 30 2024
    * The Aurora Ontario-based  company is expected to report a
3.2% decrease in revenue to $10.351 billion from $10.69 billion
a year ago, according to the mean estimate from 14 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Magna International Inc
is for
earnings of $1.40 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Magna
International Inc is 50.00​, below​ its last closing price
of C$57.90. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   1.43        1.44       1.35      Missed  -6
 Mar. 31 0001  1.21        1.24       1.08      Missed  -13.1
 Dec. 31 2023  1.49        1.48                         -10.3​
 Jan. 1 0001   1.24        1.34                         9.3
 ​​Jun.        1.24        1.23       1.50      Beat    22
 30 2023                                                
 Jan. 1 0001   0.89        0.83       1.11      Beat    34.4​
 Jan. 1 0001   0.84        1.02       0.91      Missed  -4
 Sep. 30 2022  1.06        1.11       1.07      Missed  -4
 This summary was machine generated October 30 at 13:23 GMT.  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)