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

Magnite

09/11/2022 22:50

* Magnite Inc  MGNI.OQ  reported quarterly adjusted earnings
of 18
cents​​ per share for the quarter ended in September. The mean
expectation of eight analysts for the quarter was for earnings
of 15 cents per share.
    * Revenue rose 10.6% to $145.82 million from a year ago;
analysts
expected $124.24 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 5.2%
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 5.3% this quarter and
lost 64.5% so far this year.
    * The company reported a quarterly loss of $24.39 million.
    * Wall Street's median 12-month price target for Magnite Inc
is
$14.25 
    * 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 November
9 at 10:50 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.15           0.18           Beat
 Jun. 30 2022      0.17           0.14           Missed
 Mar. 31 2022      0.08           0.08           Met
 Dec. 31 2021      0.25           0.26           Beat