Ahead of Magna (MGA) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - Magna (MGA) is expected to report quarterly earnings of $1.48 per share, a 1.4% increase year-over-year, with revenues projected at $10.57 billion, reflecting a 1.1% decrease compared to the previous year [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 4.4%, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue and Sales Projections - Analysts predict 'Sales- Body Exteriors & Structures' will be $4.32 billion, a year-over-year decrease of 0.7% [5] - 'Sales- Power & Vision' is expected to reach $3.83 billion, reflecting a year-over-year increase of 2.2% [5] - 'Sales- Complete Vehicles' is projected at $1.13 billion, indicating a year-over-year decline of 4.9% [5] - 'Sales- Seating Systems' is anticipated to be $1.44 billion, a decrease of 6.2% from the prior year [6] Adjusted EBIT Estimates - 'Adjusted EBIT- Body Exteriors & Structures' is expected to be $345.33 million, down from $358 million in the same quarter last year [6] - The consensus for 'Adjusted EBIT- Power & Vision' stands at $228.09 million, compared to $221 million reported in the same quarter last year [7] - 'Adjusted EBIT- Seating Systems' is projected at $54.31 million, down from $70 million in the same quarter last year [7] Stock Performance - Shares of Magna have changed by +1.6% over the past month, compared to a +1.8% move of the Zacks S&P 500 composite [7] - With a Zacks Rank 5 (Strong Sell), Magna is expected to underperform the overall market in the near future [7]