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

Magnite

22/02/2023 22:57

* Magnite Inc  MGNI.OQ  reported quarterly adjusted earnings
of 24
cents​​ per share for the quarter ended in December. The mean
expectation of eight analysts for the quarter was for earnings
of 32 cents per share.
    * Revenue rose 23.4% to $175.40 million from a year ago;
analysts
expected $153.73 million. 
    * Magnite Inc's reported EPS for the quarter was a loss
of 27
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Magnite Inc shares had risen by 28.0% this quarter.
    * The company reported a quarterly loss of $36.39 million.
    * Wall Street's median 12-month price target for Magnite Inc
is
$14.50 
    * 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 from Refinitiv data February
22 at 10:57 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.32           0.24           Missed
 Sep. 30 2022      0.15           0.18           Beat
 Jun. 30 2022      0.17           0.14           Missed
 Mar. 31 2022      0.08           0.08           Met