Magnite Inc expected to post a loss of 4 cents a share - Earnings Preview

Magnite

08/05/2023 23:44

* Magnite Inc  MGNI.OQ   MGNI.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 10. 
    * The New York City-based  company is expected to report  a
3.6% increase in revenue to $110.909 million from $107.08
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. The company's guidance on
February 22 2023, for the period ended March 31, was for revenue
between $109.00 million and $113.00 million.
    * ​Refinitiv's mean analyst estimate for Magnite Inc is for
a loss
of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"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 Magnite Inc
is
$15​, above​ its last closing price of $8.82. ​​​

The company's guidance on February 22 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD109 million and USD18.08 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.32        0.32       0.24      Missed  -25.6
 Sep. 30 2022  0.15        0.15       0.18      Beat    24
 Jun. 30 2022  0.18        0.17       0.14      Missed  -18​
 Mar. 31 2022  0.09        0.08       0.08      Met     3.5
 ​​Dec.        0.26        0.25       0.26      Beat    5.8
 31 2021                                                
 Sep. 30 2021  0.18        0.18       0.14      Missed  -22.9​
 Jun. 30 2021  0.12        0.12       0.11      Missed  -11.3
 Mar. 31 2021  0.00        0.01       0.03      Beat    500
 This summary was machine generated May 8 at 22:44 GMT.  All
figures in US dollars  unless otherwise stated