Magnite Inc expected to post earnings of 27 cents a share - Earnings Preview

Magnite

26/02/2024 23:15

* Magnite Inc  MGNI.OQ   MGNI.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The New York City-based  company is expected to report a
8.6% decrease in revenue to $160.32 million from $175.4 million
a year ago, according to the mean estimate from 10 analysts,
based on LSEG data. (December Revenue Basis is on Total Net
Revenue(ExTAC) - Non Gaap)
    * ​LSEG's mean analyst estimate for Magnite Inc is for
earnings of
27 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"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
$13.00​, above​ its last closing price of $9.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.32        0.32       0.24      Missed  -25.6
 ​​Sep.        0.15        0.15       0.18      Beat    24
 30 2022                                                
 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
 This summary was machine generated February 26 at 23:15 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)