Magic Software (MGIC) Misses Q3 Earnings Estimates
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Magic Software (MGIC) reported Q3 earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This is an improvement from $0.21 per share a year ago.
November 18, 2024 | 2:00 pm
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NEGATIVE IMPACT
Magic Software reported Q3 earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.24. Despite the miss, earnings improved from $0.21 a year ago.
The earnings miss is likely to have a negative short-term impact on the stock price as it failed to meet analyst expectations. However, the year-over-year improvement may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100