Magnite Inc expected to post earnings of 3  cents a share - Earnings Preview

Magnite

08/08/2023 03:01

* Magnite Inc  MGNI.OQ   MGNI.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 9. 
    * The New York City-based  company is expected to report  a
8.9% increase in revenue to $134.277 million from $123.26
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. The company's guidance on May
10 2023, for the period ended June 30, was for revenue between
$132.00 million and $136.00 million.
    * ​Refinitiv's mean analyst estimate for Magnite Inc is for
earnings of 3 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
$15​, above​ its last closing price of $14.81. ​​​

The company's guidance on May 10 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD132 million and USD39.44 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.02       -0.04      0.04      Beat    209.1
 Dec. 31 2023  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
 ​​Mar.        0.09        0.08       0.08      Met     3.5
 31 2022                                                
 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. 30 2021  0.12        0.12       0.11      Missed  -11.3
 This summary was machine generated August 8 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated