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

Magnite

10/08/2022 03:37

* Magnite Inc  MGNI.OQ  reported quarterly adjusted earnings
of 14
cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
17 cents per share.
    * Revenue rose 20.3% to $137.78 million from a year ago;
analysts
expected $124.56 million. 
    * Magnite Inc's reported EPS for the quarter was a loss
of 19
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.4%
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 5.0% this quarter and
lost 46.7%
so far this year.
    * The company reported a quarterly loss of $24.95 million.
    * Wall Street's median 12-month price target for Magnite Inc
is
$18.00 
    * 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 August 10
at 02:37 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.17           0.14           Missed
 Mar. 31 2022      0.08           0.08           Met
 Dec. 31 2021      0.25           0.26           Beat
 Sep. 30 2021      0.18           0.14           Missed