Magnite Inc expected to post earnings of 8  cents a share - Earnings Preview

Magnite

03/05/2022 03:09

* Magnite Inc  MGNI.OQ   MGNI.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 4. 
    * The New York City-based  company is expected to report  a
76.2% increase in revenue to $107.007 million from $60.72
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 8 cents per share. For the same quarter last year,
the company reported earnings of 3 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 1.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Magnite Inc
is
$22​, above​ its last closing price of $10.25. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2021  0.00        0.01       0.03      Beat    500
 ​​Dec.        0.15        0.14       0.19      Beat    34.9
 31 2020                                                
 Sep. 30 2020  -0.04       -0.04      0.06      Beat    240​
 Jun. 30 2020  -0.17       -0.14      -0.10     Beat    27.5
 Mar. 31 2020  -0.05       -0.06      -0.06     Met     -5.9
 This summary was machine generated May 3 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated