Magna International (NYSE:MGA) is preparing to release its quarterly earnings on Friday, 2024-11-01. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Magna International to report an earnings per share (EPS) of $1.43.
The announcement from Magna International is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Earnings History Snapshot
The company's EPS missed by $0.09 in the last quarter, leading to a 0.0% drop in the share price on the following day.
Here's a look at Magna International's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 1.44 | 1.25 | 1.48 | 1.34 |
| EPS Actual | 1.35 | 1.08 | 1.33 | 1.46 |
| Price Change % | -6.0% | -4.0% | -7.000000000000001% | 9.0% |
Magna International Share Price Analysis
Shares of Magna International were trading at $41.31 as of October 30. Over the last 52-week period, shares are down 24.91%. 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.
