Magnera Corporation reports results for the quarter ended June 30 - Earnings Summary
Magnera Corporation reports results for the quarter ended June 30 - Earnings Summary
Magnera Corporation MAGN.N reported a quarterly adjusted loss of 56 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -51 cents. The mean expectation of two analysts for the quarter was for earnings of 25 cents per share.
Revenue rose 2.1% to $857.00 million from a year ago; analysts expected $889.90 million.
Magnera Corporation's reported EPS for the quarter was a loss of 56 cents.
The company reported a quarterly loss of $20 million.
Magnera Corporation shares had risen by 15.2% this quarter and lost 10.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 35.1% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the textiles & leather goods peer group is also "hold"
Wall Street's median 12-month price target for Magnera Corporation is $16.00, about 15.4% above its last closing price of $13.54
This summary was machine generated from LSEG data August 6 at 01:32 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 |
Jun. 30 2026 | 0.25 | -0.56 | Missed |
Mar. 31 2026 | -0.03 | -0.50 | Missed |
Dec. 31 2025 | 0.11 | -0.95 | Missed |
Sep. 30 2025 | 0.16 | -1.13 | Missed |