Earnings Preview: Magic Software
Portfolio Pulse from Benzinga Insights
Magic Software (NASDAQ:MGIC) is scheduled to release its quarterly earnings report on March 13, 2024. Analysts predict an EPS of $0.19. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, with share price reactions varying accordingly. Shares are currently trading at $10.52, down 18.39% over the last year. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
March 12, 2024 | 3:02 pm
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NEUTRAL IMPACT
Magic Software is expected to report an EPS of $0.19 for the upcoming quarter. Historical performance shows variability in meeting EPS estimates, affecting stock price movements. Currently, shares are down 18.39% over the last year, indicating potential investor caution.
Magic Software's upcoming earnings report is crucial, given its mixed history of meeting EPS estimates and the significant share price decline over the past year. The company's ability to meet or exceed the EPS estimate and provide positive future guidance could influence short-term stock performance. However, the mixed historical earnings performance and the current downward trend in share price suggest a cautious approach, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100