Earnings Preview For MagnaChip Semiconductor
Portfolio Pulse from Benzinga Insights
MagnaChip Semiconductor (NYSE:MX) is scheduled to release its quarterly earnings report on January 31, 2024. Analysts predict an EPS of $-0.26. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, MagnaChip's stock price has shown varied reactions to past earnings performances, with a 3.09% drop after last quarter's beat. Over the past year, MX shares have declined by 40.31%, indicating potential concern among long-term shareholders ahead of the earnings release.
January 30, 2024 | 7:01 pm
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MagnaChip Semiconductor is anticipated to report an EPS of $-0.26 in the upcoming earnings call. Investors will focus on earnings results and future guidance, which could significantly impact the stock price. The stock has been down 40.31% over the past year, indicating potential volatility post-earnings.
The short-term impact on MX stock will likely hinge on whether the company beats the EPS estimate and provides positive guidance. Historical data shows mixed stock price reactions to past earnings results, making it challenging to predict the direction. The recent downtrend in stock price may lead to increased sensitivity to the earnings report.
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