Magnite Inc expected to post earnings of 15 cents a share - Earnings Preview

Magnite

06/08/2024 03:06

* Magnite Inc  MGNI.OQ   MGNI.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The New York City-based  company is expected to report a
6.9% increase in revenue to $143.993 million from $134.68
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.The company's guidance on May 8
2024, for the period ended June 30, was for revenue between
$142.00 million and $146.00 million. (SAL is based on Total
Revenue excluding-TAC)
    * ​LSEG's mean analyst estimate for Magnite Inc is for
earnings of
15 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," no
"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
$17.50​, above​ its last closing price of $13.10. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD142 million and USD43.8 million.
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  0.01        0.00       0.05      Beat    11,527
                                                        .9
 Dec. 31 2024  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.        -0.02       -0.04      0.04      Beat    209.1
 31 2023                                                
 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
 This summary was machine generated August 6 at 02:05 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)