Magna International Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance Canada]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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US:NYSE Investor Relations:
magna.com/investors
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Source: Yahoo! Finance Canada
Key Financial Results Revenue: US$10.3b (down 3.8% from 3Q 2023). Net income: US$484.0m (up 23% from 3Q 2023). Profit margin: 4.7% (up from 3.7% in 3Q 2023). EPS: US$1.69 (up from US$1.38 in 3Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Magna International EPS Beats Expectations, Revenues Fall Short Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 23%. Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Auto Components industry in North America. The company's share price is broadly unchanged from a week ago. Risk Analysis It is worth noting though that we have found 1 warning sign for Magna International that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com
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News
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- Auto Part & Accessory Manufacturing Market is Projected to Reach US$ 3879.15 billion by 2034, Growing at a 6.9% CAGR | Fact.MR Report [Yahoo! Finance]Yahoo! Finance
- Germany Automotive Cameras Market Analysis and Forecast 2024-2032, by Type, Technology, Vehicle Type, Application, and Sales Channel - The Market Reached $394.73 Million in 2024 [Yahoo! Finance]Yahoo! Finance
MGA
Earnings
- 11/1/24 - Miss
MGA
Sec Filings
- 11/5/24 - Form 6-K
- 11/1/24 - Form 6-K
- 11/1/24 - Form 6-K
- MGA's page on the SEC website