Magna International's Earnings: A Preview

Magna International (NYSE:MGA) is set to give its latest quarterly earnings report on Friday, 2023-05-05. Here's what investors need to know before the announcement.

Analysts estimate that Magna International will report an earnings per share (EPS) of $0.85.

Magna International bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.15, which was followed by a 0.0% drop in the share price the next day.

Here's a look at Magna International's past performance and the resulting price change:

Stock Performance

Shares of Magna International were trading at $51.69 as of May 03. Over the last 52-week period, shares are down 15.63%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Magna International visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.