Earnings Outlook For MagnaChip Semiconductor

MagnaChip Semiconductor MX is set to give its latest quarterly earnings report on Wednesday, 2024-10-30. Here's what investors need to know before the announcement.

Analysts estimate that MagnaChip Semiconductor will report an earnings per share (EPS) of $0.75.

Investors in MagnaChip Semiconductor are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Past Earnings Performance

In the previous earnings release, the company beat EPS by $0.12, leading to a 12.97% increase in the share price the following trading session.

Here's a look at MagnaChip Semiconductor's past performance and the resulting price change:

Quarter Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023
EPS Estimate 0.75 -0.33 -0.33 -0.26 -0.17
EPS Actual -0.34 -0.21 -0.28 -0.21 -0.04
Price Change % -2.0% 13.0% 3.0% -15.0% -3.0%

eps graph

Performance of MagnaChip Semiconductor Shares

Shares of MagnaChip Semiconductor were trading at $3.82 as of November 04. Over the last 52-week period, shares are down 41.36%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for MagnaChip Semiconductor visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
▲▼
ticker
▲▼
name
▲▼
Actual EPS
▲▼
EPS Surprise
▲▼
Actual Rev
▲▼
Rev Surprise
▲▼
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!