Magnite Inc reports results for the quarter ended September 30 - Earnings Summary

• Magnite Inc MGNI.OQ reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of ten analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 9 cents to 21 cents per share.

• Revenue rose 12.2% to $149.43 million from a year ago; analysts expected $148.08 million.

• Magnite Inc's reported EPS for the quarter was 4 cents​.

• The company reported quarterly net income of $5.21 million.

• Magnite Inc shares had fallen by 2.6% this quarter and gained 44.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the advertising & marketing peer group is also "buy"

Wall Street's median 12-month price target for Magnite Inc is $17.00

This summary was machine generated from LSEG data November 8 at 04:26 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)