Magna International Inc expected to post earnings of $1.44 a share - Earnings Preview

Magna International

31/07/2024 14:25

* Magna International Inc  MG.TO   is expected to show a
rise in
quarterly revenue when it reports  results on August 2 for the
period ending June 30 2024
    * The Aurora Ontario-based  company is expected to report a
0.2% increase in revenue to $11.008 billion from $10.98 billion
a year ago, according to the mean estimate from 15 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Magna International Inc
is for
earnings of $1.44 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 $57.00​, below​ its last closing price
of C$60.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.21        1.24       1.08      Missed  -13.1
 Dec. 31 2024  1.49        1.48       1.33      Missed  -10.3
 Sep. 30 2023  1.35        1.34       1.46      Beat    9.3​
 Jun. 30 2023  1.24        1.23       1.50      Beat    22
 ​​Mar.        0.89        0.83       1.11      Beat    34.4
 31 2023                                                
 Dec. 31 2022  0.84        1.02       0.91      Missed  -10.4​
 Sep. 30 2022  1.06        1.11       1.07      Missed  -4
 Jan. 1 0001   0.93        0.93       0.83      Missed  -10.4
 This summary was machine generated July 31 at 13:25 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)