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

Magnite

09/08/2023 22:39

* Magnite Inc  MGNI.OQ  reported quarterly adjusted earnings
of 9
cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
3 cents per share.
    * Revenue rose 23.8% to $152.54 million from a year ago;
analysts
expected $134.28 million. 
    * Magnite Inc's reported EPS for the quarter was a loss
of 54
cents​.
    * The mean earnings estimate of analysts had fallen by
about 40%
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 4.0% this quarter and
gained 34.0% so far this year.
    * The company reported a quarterly loss of $73.89 million.
    * Wall Street's median 12-month price target for Magnite Inc
is
$15.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:39 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.03           0.09           Beat
 Mar. 31 2023      -0.04          0.04           Beat
 Dec. 31 2022      0.32           0.24           Missed
 Sep. 30 2022      0.15           0.18           Beat