Magnite (MGNI) Q3 Earnings Match Estimates

Core Insights - Magnite reported quarterly earnings of $0.20 per share, matching the Zacks Consensus Estimate and showing an increase from $0.17 per share a year ago [1] - The company achieved revenues of $166.78 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 2.33% and up from $149.43 million year-over-year [2] - Magnite's stock has increased by approximately 5.1% since the beginning of the year, while the S&P 500 has gained 15.1% [3] Earnings Performance - The company has surpassed consensus EPS estimates two out of the last four quarters [1] - Magnite has topped consensus revenue estimates three times over the last four quarters [2] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [3] - Current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $196.79 million, and for the current fiscal year, it is $0.88 on revenues of $667.07 million [7] Industry Context - The Internet - Software industry, to which Magnite belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook [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]