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

Magnite

08/11/2022 03:09

* Magnite Inc  MGNI.OQ   MGNI.O  is expected to show a fall
in
quarterly revenue when it reports  results on November 9. 
    * The New York City-based  company is expected to report  a
5.8% decrease in revenue to $124.243 million from $131.87
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. The company's guidance on
August 9 2022, for the period ended September 30, was for
revenue between $122.00 million and $126.00 million.
    * ​Refinitiv'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 9 "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
$14.25​, above​ its last closing price of $6.22. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.18        0.17       0.14      Missed  -18
 Mar. 31 2022  0.09        0.08       0.08      Met     3.5
 Dec. 31 2021  0.26        0.25       0.26      Beat    5.8​
 Sep. 30 2021  0.18        0.18       0.14      Missed  -22.9
 ​​Jun.        0.12        0.12       0.11      Missed  -11.3
 30 2021                                                
 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
 This summary was machine generated November 8 at 03:09 GMT.  All
figures in US dollars  unless otherwise stated