MagnaChip Semiconductor's Earnings Outlook
Portfolio Pulse from Benzinga Insights
MagnaChip Semiconductor (NYSE:MX) is set to release its latest quarterly earnings report on August 7, 2023. Analysts estimate an earnings per share (EPS) of $-0.23. The company's past performance shows a trend of negative price changes post-earnings release, with shares currently trading at $9.17 and down 34.32% over the last 52-week period.
August 04, 2023 | 4:02 pm
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NEGATIVE IMPACT
MagnaChip Semiconductor is expected to report a negative EPS for the upcoming quarter. The company's stock has been on a downward trend, which may continue if the earnings report is not positive.
MagnaChip Semiconductor's stock has been on a downward trend, with shares down 34.32% over the last 52-week period. The upcoming earnings report, which analysts predict will show a negative EPS, could further impact the stock negatively if the company does not beat the estimate or provide positive guidance for the next quarter.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100