Magna (MGA) Beats Q3 Earnings and Revenue Estimates

Core Insights - Magna (MGA) reported quarterly earnings of $1.33 per share, exceeding the Zacks Consensus Estimate of $1.24 per share, and showing an increase from $1.28 per share a year ago, resulting in an earnings surprise of +7.26% [1] - The company achieved revenues of $10.06 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.51%, although this represents a decline from year-ago revenues of $10.28 billion [2] - Magna has outperformed consensus EPS estimates three times over the last four quarters and has topped consensus revenue estimates four times during the same period [2] Earnings Outlook - The future performance of Magna's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.63 on revenues of $10.46 billion, while the estimate for the current fiscal year is $5.04 on revenues of $41.39 billion [7] Industry Context - The Automotive - Original Equipment industry, to which Magna belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]