Magnite Inc reports results for the quarter ended in December - Earnings Summary

Magnite

24/02/2022 06:30

* Magnite Inc  MGNI.OQ  reported quarterly adjusted earnings
of 26
cents​​ per share for the quarter ended in December. The mean
expectation of eight analysts for the quarter was for earnings
of 25 cents per share.
    * Revenue rose 73.3% to $142.10 million from a year ago; 
analysts
expected $140.02 million. 
    * Magnite Inc's reported EPS for the quarter was breakeven
results​.
    * The mean earnings estimate of analysts had risen by
about 3.8%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Magnite Inc shares had fallen by 35.2% this quarter.
    * The company reported quarterly net income of $453
thousand.
    * Wall Street's median 12-month price target for Magnite Inc
is
$27.50 
    * 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." 

This summary was machine generated February 24 at 06:30 a.m.
 ​All figures in US dollars unless otherwise stated