Magnite Inc reports results for the quarter ended September 30 - Earnings Summary

Magnite

08/11/2024 16:26

* Magnite Inc  MGNI.OQ  reported quarterly adjusted earnings
of 17
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 12 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 16 cents per share. Wall Street
expected results to range from 9 cents to 21 cents per share.
    * Revenue rose 12.2% to $149.43 million from a year ago;
analysts
expected $148.08 million. 
    * Magnite Inc's reported EPS for the quarter was 4 cents​.
    * The company reported quarterly net income of $5.21
million.
    * Magnite Inc shares had fallen by 2.6% this quarter and
gained 44.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advertising &
marketing peer group is also "buy"

Wall Street's median 12-month price target for Magnite Inc is
$17.00 
This summary was machine generated from LSEG data November 8 at
04:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.16           0.17           Beat
 Jun. 30 2024      0.15           0.14           Missed
 Mar. 31 2024      0.00           0.05           Beat
 Dec. 31 2023      0.28           0.29           Beat