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

Magnite

10/05/2023 22:03

* Magnite Inc  MGNI.OQ  reported quarterly adjusted earnings
of 4
cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for a loss
of 4 cents per share.
    * Revenue rose 21.5% to $130.15 million from a year ago;
analysts
expected $110.91 million. 
    * Magnite Inc's reported EPS for the quarter was a loss
of 73
cents​.
    * The mean earnings estimate of analysts had fallen by
about 180.4% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Magnite Inc shares had fallen by 5.2% this quarter and
lost 17.1% so far this year.
    * The company reported a quarterly loss of $98.73 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 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.04          0.04           Beat
 Dec. 31 2022      0.32           0.24           Missed
 Sep. 30 2022      0.15           0.18           Beat
 Jun. 30 2022      0.17           0.14           Missed