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

Magnite

03/11/2021 23:18

* Magnite Inc  MGNI.OQ  reported quarterly adjusted earnings of
14 cents​​ per share for the quarter ended in September. The
mean expectation of eight analysts for the quarter was
for earnings of 18 cents per share.
* Revenue rose 116.2% to $131.87 million from a year ago; 
analysts expected $116.62 million. 
* Magnite Inc's reported EPS for the quarter was a loss of 18
cents​.
* The mean earnings estimate of analysts had risen by about 26%
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 4.5% this quarter and
lost 13.0% so far this year.
* The company reported a quarterly loss of $24.32 million.
* Wall Street's median 12-month price target for Magnite Inc is
$42.50 
* 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 November 3 at 11:17 p.m.
 ​All figures in US dollars unless otherwise stated