Magnite Inc expected to post earnings of 12 cents a share - Earnings Preview

Magnite

04/08/2021 01:56

* Magnite Inc  MGNI.OQ   MGNI.O  is expected to show a rise in
quarterly revenue when it reports results on August 5. 
* The Los Angeles, California-based company is expected to
report   a 122.2% increase in revenue to $94.098 million from
$42.35 million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Magnite Inc is for
earnings of 12 cents per share. For the same quarter last year,
the company reported a loss of 10 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 6 "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
$47​, about 37.1% above​ its last closing price of $29.56. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.00        0.01       0.03      Beat    500
 Dec. 31 2020  0.15        0.14       0.19      Beat    34.9
 Sep. 30 2020  -0.04       -0.04      0.06      Beat    240​
 Jun. 30 2020  -0.17       -0.14      -0.10     Beat    27.5
 Mar.          -0.05​      -0.06      -0.06     Met     -5.9​
 31​ 2020​                                              
 Dec. 31 2019  0.12        0.12       0.17      Beat    44.7​
 Sep. 30 2019  -0.06       -0.07      -0.02     Beat    70.4
 Jun. 30 2019  -0.13       -0.13      -0.06     Beat    55.6
 This summary was machine generated August 4 at 00:56 GMT.  All
figures in US dollars unless otherwise stated