Magnite Inc expected to post earnings of 18 cents a share - Earnings Preview

Magnite

02/11/2021 02:10

* Magnite Inc  MGNI.OQ   MGNI.O  is expected to show a rise in
quarterly revenue when it reports  results on November 3. 
* The Los Angeles, California-based company is expected to
report  a 91.2% increase in revenue to $116.619 million from
$60.98 million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Magnite Inc is for
earnings of 18 cents per share. For the same quarter last year,
the company reported earnings of 6 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
$42.5​, about 34.7% above​ its last closing price of $27.75. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 302021   0.12        0.12       0.11      Missed  -11.3
 Mar. 312021   0.00        0.01       0.03      Beat    500
 Dec. 312020   0.15        0.14       0.19      Beat    34.9​
 Sep. 302020   -0.04       -0.04      0.06      Beat    240
 ​​Jun.        -0.17       -0.14      -0.10     Beat    27.5
 302020                                                 
 Mar. 312020   -0.05       -0.06      -0.06     Met     -5.9​
 Dec. 312019   0.12        0.12       0.17      Beat    44.7
 Sep. 302019   -0.06       -0.07      -0.02     Beat    70.4
 This summary was machine generated November 2 at 02:09 GMT.  All
figures in US dollars unless otherwise stated