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Magna International: Q1 Earnings Insights

  Magna International (NYSE:MGA) reported its Q1 earnings results on Friday, April 29, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Benzinga · 04/29/2022 07:01

 

Magna International (NYSE:MGA) reported its Q1 earnings results on Friday, April 29, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Magna International missed estimated earnings by 19.5%, reporting an EPS of $1.28 versus an estimate of $1.59.

Revenue was down $537.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.29 which was followed by a 6.5% drop in the share price the next day.

Here's a look at Magna International's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 1.59 1.59 1.47 1.57
EPS Actual 1.30 0.56 1.40 1.86
Revenue Estimate 9.31B 9.31B 9.37B 9.53B
Revenue Actual 9.11B 7.92B 9.03B 10.18B

To track all earnings releases for Magna International VISIT THEIR EARNINGS CALENDAR HERE.

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