On Friday, August 07, Magna International MGA will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
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
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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