Magna International Inc <MG.TO> expected to post earnings of 90 cents a share - Earnings Preview
Magna International Inc MG.TO is expected to show a fall in quarterly revenue when it reports results on May 2 for the period ending March 31 2025
The Aurora Ontario-based company is expected to report a 11.7% decrease in revenue to $9.686 billion from $10.97 billion a year ago, according to the mean estimate from 13 analysts, based on LSEG data.
LSEG's mean analyst estimate for Magna International Inc is for earnings of 90 cents per share.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell."
The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.
Wall Street's median 12-month price target for Magna International Inc is $44.00, below its last closing price of C$48.44.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Dec. 31 2024 | 1.49 | 1.53 | 1.69 | Beat | 10.7 |
Sep. 30 2024 | 1.40 | 1.40 | 1.28 | Missed | -8.7 |
Jun. 30 2024 | 1.43 | 1.44 | 1.35 | Missed | -6 |
Mar. 31 2024 | 1.21 | 1.24 | 1.08 | Missed | -13.1 |
Dec. 31 2023 | 1.49 | 1.48 | 1.33 | Missed | -10.3 |
Sep. 30 2023 | 1.35 | 1.34 | 1.46 | Beat | 9.3 |
Jun. 30 2023 | 1.24 | 1.23 | 1.50 | Beat | 22 |
Mar. 31 2023 | 0.89 | 0.83 | 1.11 | Beat | 34.4 |
This summary was machine generated April 30 at 12:43 GMT. 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)
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