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

Magnite

06/08/2021 24:30

* Magnite Inc  MGNI.OQ  reported quarterly adjusted earnings of
11 cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of 12 cents per share.
* Revenue rose 170.5% to $114.54 million from a year ago; 
analysts expected $94.10 million. 
* Magnite Inc's reported EPS for the quarter was 26 cents​.
* The mean earnings estimate of analysts had risen by
about 313.3% 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 fallen by 12.4% this quarter and
lost 3.5% so far this year.
* The company reported quarterly net income of $36.81 million.
* Wall Street's median 12-month price target for Magnite Inc is
$47.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
This summary was machine generated August 5 at 11:30 p.m.  ​All
figures in US dollars unless otherwise stated