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Here's What Key Metrics Tell Us About Magna (MGA) Q1 Earnings
ZACKSยท 2025-05-02 14:35
Core Insights - Magna reported revenue of $10.07 billion for the quarter ended March 2025, reflecting an 8.2% decline year-over-year, while EPS decreased to $0.78 from $1.08 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $9.53 billion by 5.70%, but the EPS fell short of the consensus estimate of $0.90 by 13.33% [1] Financial Performance Metrics - Sales in Body Exteriors & Structures were $3.97 billion, below the estimated $4 billion, marking a 10.5% decrease year-over-year [4] - Power & Vision sales reached $3.65 billion, surpassing the $3.41 billion estimate, but still represented a 5.1% decline from the previous year [4] - Complete Vehicles sales amounted to $1.28 billion, significantly higher than the estimated $928.58 million, yet down 7.7% year-over-year [4] - Corporate and Other segment reported -$131 million, better than the estimated -$142.67 million, with a year-over-year change of -5.8% [4] - Seating Systems sales were $1.31 billion, slightly below the $1.34 billion estimate, reflecting a 9.8% decrease from the prior year [4] Adjusted EBIT Analysis - Adjusted EBIT for Body Exteriors & Structures was $230 million, lower than the estimated $257.55 million [4] - Adjusted EBIT for Power & Vision was $124 million, exceeding the estimate of $117.89 million [4] - Corporate & Other segment had an adjusted EBIT of -$14 million, worse than the estimated -$9.24 million [4] - Complete Vehicles adjusted EBIT was $44 million, significantly higher than the estimated $8.91 million [4] - Seating Systems reported an adjusted EBIT of -$30 million, falling short of the estimated $38.68 million [4] Stock Performance - Magna's shares returned +5.7% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]