Magna (MGA) Beats Q4 Earnings and Revenue Estimates

Core Viewpoint - Magna (MGA) reported quarterly earnings of $1.69 per share, exceeding the Zacks Consensus Estimate of$ 1.46 per share, and showing an increase from $1.33 per share a year ago, representing an earnings surprise of 15.75% [1] Financial Performance - The company posted revenues of$ 10.63 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.14%, compared to $10.45 billion in the same quarter last year [2] - Over the last four quarters, Magna has only surpassed consensus EPS estimates once and has topped consensus revenue estimates just once [2] Stock Performance and Outlook - Magna shares have declined approximately 5.1% since the beginning of the year, while the S&P 500 has gained 4% [3] - The future performance of Magna's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][6] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is$ 1.33 on revenues of $10.4 billion, and for the current fiscal year, it is$ 6.10 on revenues of $42.88 billion [7] - The estimate revisions trend for Magna is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Automotive - Original Equipment industry, to which Magna belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting potential challenges ahead [8]