Magnite Inc expected to post earnings of 32cents a share - Earnings Preview

Magnite

21/02/2023 03:03

* Magnite Inc  MGNI.OQ   MGNI.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 22. 
    * The New York City-based  company is expected to report  a
8.2% increase in revenue to $153.691 million from $142.1 million
a year ago, according to the mean estimate from 10 analysts,
based on Refinitiv data. The company's guidance on November 9
2022, for the period ended December 31, was for revenue between
$151.00 million and $157.00 million.
    * ​Refinitiv's mean analyst estimate for Magnite Inc is for
earnings of 32 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
$14.5​, above​ its last closing price of $13.76. ​​​

The company's guidance on November 9 2022 for the period ended
December 31 was for Capital Expenditures of USD9 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  
 Sep. 30 2022  0.15        0.15       0.18      Beat    24
 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.        0.18        0.18       0.14      Missed  -22.9
 30 2021                                                
 Jun. 30 2021  0.12        0.12       0.11      Missed  -11.3​
 Mar. 31 2021  0.00        0.01       0.03      Beat    500
 Dec. 31 2020  0.15        0.14       0.19      Beat    34.9
 This summary was machine generated February 21 at 03:03 GMT. 
All figures in US dollars  unless otherwise stated