Magna (MGA - Free Report) reported $10.69 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 15.3%. EPS of $1.46 for the same period compares to $1.07 a year ago.
The reported revenue represents a surprise of +3.18% over the Zacks Consensus Estimate of $10.36 billion. With the consensus EPS estimate being $1.37, the EPS surprise was +6.57%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Magna performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Body Exteriors & Structures: $4.35 billion versus the four-analyst average estimate of $4.34 billion.
- Sales- Power & Vision: $3.75 billion versus $3.56 billion estimated by four analysts on average.
- Sales- Complete Vehicles: $1.19 billion versus the four-analyst average estimate of $1.19 billion.
- Sales- Corporate and Other: -$125 million versus -$143.80 million estimated by four analysts on average.
- Sales- Seating Systems: $1.53 billion versus the four-analyst average estimate of $1.40 billion. The reported number represents a year-over-year change of +18.1%.
- Adjusted EBIT- Body Exteriors & Structures: $358 million versus the four-analyst average estimate of $317.48 million.
- Adjusted EBIT- Power & Vision: $221 million versus $153.97 million estimated by four analysts on average.
- Adjusted EBIT- Corporate & Other: -$29 million versus -$8.07 million estimated by four analysts on average.
- Adjusted EBIT- Seating Systems: $70 million versus $47.78 million estimated by four analysts on average.
- Adjusted EBIT- Complete Vehicles: -$5 million compared to the $18.29 million average estimate based on three analysts.
View all Key Company Metrics for Magna here>>>Shares of Magna have returned -6.2% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Magna (MGA - Free Report) reported $10.69 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 15.3%. EPS of $1.46 for the same period compares to $1.07 a year ago.
The reported revenue represents a surprise of +3.18% over the Zacks Consensus Estimate of $10.36 billion. With the consensus EPS estimate being $1.37, the EPS surprise was +6.57%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Magna performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Body Exteriors & Structures: $4.35 billion versus the four-analyst average estimate of $4.34 billion.
- Sales- Power & Vision: $3.75 billion versus $3.56 billion estimated by four analysts on average.
- Sales- Complete Vehicles: $1.19 billion versus the four-analyst average estimate of $1.19 billion.
- Sales- Corporate and Other: -$125 million versus -$143.80 million estimated by four analysts on average.
- Sales- Seating Systems: $1.53 billion versus the four-analyst average estimate of $1.40 billion. The reported number represents a year-over-year change of +18.1%.
- Adjusted EBIT- Body Exteriors & Structures: $358 million versus the four-analyst average estimate of $317.48 million.
- Adjusted EBIT- Power & Vision: $221 million versus $153.97 million estimated by four analysts on average.
- Adjusted EBIT- Corporate & Other: -$29 million versus -$8.07 million estimated by four analysts on average.
- Adjusted EBIT- Seating Systems: $70 million versus $47.78 million estimated by four analysts on average.
- Adjusted EBIT- Complete Vehicles: -$5 million compared to the $18.29 million average estimate based on three analysts.
View all Key Company Metrics for Magna here>>>Shares of Magna have returned -6.2% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on MGA - FREE