Magna International Earnings: Everything You Must Know Now
Magna International, Inc. (NYSE:MGA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Magna International, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 20.27% to $1.78 in the quarter versus EPS of $1.48 in the year-earlier quarter.
Revenue: Rose 15.98% to $8.96 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Magna International, Inc. reported adjusted EPS income of $1.78 per share. By that measure, the company beat the mean analyst estimate of $1.64. It beat the average revenue estimate of $8.56 billion.
Key Stats (on next page)…
Revenue increased 7.19% from $8.36 billion in the previous quarter. EPS increased 11.95% from $1.59 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.21 to a profit $1.28. For the current year, the average estimate has moved up from a profit of $5.53 to a profit of $5.93 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)