Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Magna International posted a positive FY 2024 report, beating analysts' EPS consensus estimate, and showing improved EBIT and effective cost management. The company is undervalued with a trailing P/E of 7.01x and EV/EBITDA of 4.55x, presenting a 23% margin of safety. MGA's positive FCF outlook and robust dividend yield, supported by strong liquidity and cash flow, make it an attractive buy despite short-term weaknesses.
MGA reports better-than-expected fourth-quarter results and expects 2025 revenues in the band of $38.6-$40.2 billion compared with $42.8 billion reported in 2024.
Magna International Inc. (NYSE:MGA ) Q4 2024 Earnings Conference Call February 14, 2025 8:00 AM ET Company Participants Louis Tonelli - VP, IR Swamy Kotagiri - CEO Patrick McCann - EVP and CFO Conference Call Participants Tamy Chen - BMO Capital Markets Dan Levy - Barclays Chris McNally - Evercore ISI Joseph Spak - UBS Securities Tom Narayan - RBC Capital Markets Brian Morrison - TD Cowen James Picariello - BNP Paribas Colin Langan - Wells Fargo Mark Delaney - Goldman Sachs Michael Glen - Raymond James Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today.
Magna (MGA) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.33 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Magna (MGA), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Magna (MGA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The shares of Magna International (MGA -7.89%) plunged 11.6% this morning as panic gripped investors after President Donald Trump announced plans to impose hefty import tariffs over the weekend, including a 25% levy on imports from Canada and Mexico, with a 10% tariff on imports from China.
MGA reports lower-than-expected Q3 results and expects 2024 revenues in the band of $42.2-$43.2 billion, down from $42.5-$44.1 billion guided earlier.
Magna International Inc. (NYSE:MGA ) Q3 2024 Earnings Conference Call November 1, 2024 8:00 AM ET Company Participants Swamy Kotagiri - CEO Patrick McCann - EVP and CFO Louis Tonelli - VP, IR Conference Call Participants John Murphy - Bank of America Tamy Chen - BMO Capital Markets William Tackett - Morgan Stanley Dan Levy - Barclays Alejandro Nuno - UBS Tom Narayan - RBC Capital Markets James Picariello - BNP Paribas Bruno Dossena - Wolfe Research Mark Delaney - Goldman Sachs Colin Langan - Wells Fargo Michael Glen - Raymond James Operator Thank you for standing by. My name is Kayla, and I will be your conference operator today.
While the top- and bottom-line numbers for Magna (MGA) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Magna (MGA) came out with quarterly earnings of $1.28 per share, missing the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.46 per share a year ago.