Magnite Inc expected to post breakeven results a share - Earnings Preview

Magnite

07/05/2024 03:04

* Magnite Inc  MGNI.OQ   MGNI.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The New York City-based  company is expected to report a
7.1% increase in revenue to $124.239 million from $116.05
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on February
28 2024, for the period ended March 31, was for revenue between
$122.00 million and $126.00 million.
    * ​LSEG's mean analyst estimate for Magnite Inc is for
breakeven
results per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Magnite Inc
is
$14.75​, above​ its last closing price of $9.37. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.28        0.28       0.29      Beat    3.3
 Sep. 30 2023  0.10        0.08       0.12      Beat    50
 Jun. 30 2023  0.05        0.03       0.09      Beat    164.7​
 Mar. 31 2023  -0.02       -0.04      0.04      Beat    209.1
 ​​Dec.        0.32        0.32       0.24      Missed  -25.6
 31 2022                                                
 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
 This summary was machine generated May 7 at 02:04 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)