Exploring Magna International's Earnings Expectations
Portfolio Pulse from Benzinga Insights
Magna International (NYSE:MGA) is set to release its quarterly earnings on November 1, 2024, with analysts expecting an EPS of $1.43. Investors are keenly awaiting the announcement, hoping for results that surpass estimates and positive guidance for the next quarter. The company's past earnings have shown mixed results, with the last quarter missing estimates by $0.09, leading to a neutral stock price reaction. Currently, MGA shares are trading at $41.31, down 24.91% over the past year.
October 31, 2024 | 2:01 pm
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Magna International is expected to announce its quarterly earnings with an EPS of $1.43. Investors are looking for results that exceed expectations and positive future guidance. The stock has been underperforming, down 24.91% over the past year.
The upcoming earnings release is crucial for Magna International as it could influence investor sentiment and stock price. The expected EPS of $1.43 is a key figure, and any deviation could impact the stock. The company's past performance has shown mixed results, and the stock has been underperforming, which may lead to cautious investor behavior. However, positive earnings or guidance could provide a boost.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100