Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
On Friday, August 07, Magna International (NYSE: MGA) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Sell-side analysts are expecting Magna International's loss per share to be near $1.64 on sales of $4.14 billion. Magna International reported a profit of $1.59 per share when it published results during the same quarter last year. Sales in that period totaled $10.13 billion. Analysts estimate would represent a 203.14% decrease in the company's earnings. Magna International's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.81 | 1.33 | 1.34 | 1.54 |
| EPS Actual | 0.86 | 1.41 | 1.41 | 1.59 |
| Revenue Estimate | 8.50 B | 9.17 B | 9.32 B | 9.95 B |
| Revenue Actual | 8.66 B | 9.39 B | 9.32 B | 10.13 B |
Stock Performance
Over the last 52-week period, shares are down 1.11%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Magna International is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/i7wdcq9n
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.