Magna
Magnachip (MX) closed the latest buying and selling day at $7.51, transferring +1.49% from the earlier buying and selling session. The inventory outpaced the S&P 500’s each day lack of 5.18%. On the similar time, the Dow misplaced 6.3%, and the tech-heavy Nasdaq misplaced 4.7%.
Heading into right now, shares of the chip merchandise maker had misplaced 48.07% over the previous month, lagging the Pc and Expertise sector’s lack of 24.96% and the S&P 500’s lack of 24.68% in that point.
Buyers can be hoping for power from MX because it approaches its subsequent earnings launch. On that day, MX is projected to report earnings of $0.15 per share, which might characterize year-over-year development of 125.86%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $192 million, up 22% from the year-ago interval.
MX’s full-year Zacks Consensus Estimates are calling for earnings of $0.89 per share and income of $811 million. These outcomes would characterize year-over-year modifications of +85.42% and +2.37%, respectively.
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