Magna International MGA announces its next round of earnings this Friday, August 06. Here is Benzinga's look at Magna International's Q2 earnings report.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Wall Street analysts see Magna International reporting earnings of $1.47 per share on sales of $9.37 billion. In the same quarter last year, Magna International posted EPS of $1.71 on sales of $4.29 billion.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The Wall Street consensus estimate for earnings would represent a 185.96% increase for the company. Sales would be up 118.26% from the year-ago period. Here is how the Magna International's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.57 | 2.03 | 1.35 | -1.63 |
| EPS Actual | 1.86 | 2.83 | 1.95 | -1.71 |
| Revenue Estimate | 9.53 B | 10.12 B | 9.08 B | 4.14 B |
| Revenue Actual | 10.18 B | 10.57 B | 9.13 B | 4.29 B |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Magna International were trading at $82.5 as of August 04. Over the last 52-week period, shares are up 70.22%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Magna International is scheduled to hold the call at 07:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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