|Bid||50.00 x 900|
|Ask||50.42 x 800|
|Day's Range||48.46 - 49.31|
|52 Week Range||22.75 - 57.09|
|Beta (5Y Monthly)||1.61|
|PE Ratio (TTM)||16.56|
|Forward Dividend & Yield||1.60 (3.26%)|
|Ex-Dividend Date||May 21, 2020|
|1y Target Est||55.06|
Magna (MGA) delivered earnings and revenue surprises of 15.76% and 15.09%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
On Friday, August 07, Magna International (NYSE: MGA) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.Earnings and Revenue Sell-side analysts are expecting Magna International's loss per share to be near $1.64 on sales of $4.14 billion. Magna International reported a profit of $1.59 per share when it published results during the same quarter last year. Sales in that period totaled $10.13 billion. Analysts estimate would represent a 203.14% decrease in the company's earnings. Magna International's reported EPS has stacked up against analyst estimates in the past like this:Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019 EPS Estimate 0.81 1.33 1.34 1.54 EPS Actual 0.86 1.41 1.41 1.59 Revenue Estimate 8.50 B 9.17 B 9.32 B 9.95 B Revenue Actual 8.66 B 9.39 B 9.32 B 10.13 B Stock Performance Over the last 52-week period, shares are down 1.11%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.View more earnings on MGADon't be surprised to see the stock move on comments made during its conference call. Magna International is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/i7wdcq9nSee more from Benzinga * Earnings Preview for New Jersey Resources * Preview: Sabre's Earnings * A Preview Of Clear Channel Outdoor's Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Magna (MGA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.