Magna (MGA) closed the latest buying and selling day at $92.60, transferring +0.97% from the earlier buying and selling session. The inventory outpaced the S&P 500’s day by day acquire of 0.51%.
Heading into at this time, shares of the automotive provide firm had misplaced 5.77% over the previous month, lagging the Auto-Tires-Vehicles sector’s acquire of seven.17% and the S&P 500’s acquire of 1.75% in that point.
Wall Road will probably be in search of positivity from MGA because it approaches its subsequent earnings report date. On that day, MGA is projected to report earnings of $1.51 per share, which might signify year-over-year development of 188.3%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $9.57 billion, up 122.97% from the year-ago interval.
For the complete yr, our Zacks Consensus Estimates are projecting earnings of $7.57 per share and income of $40.96 billion, which might signify adjustments of +91.65% and +25.47%, respectively, from the prior yr.
Traders may additionally discover latest adjustments to analyst estimates for MGA. These latest revisions are likely to replicate the evolving nature of short-term enterprise developments. Consequently, we will interpret optimistic estimate revisions as signal for the corporate’s enterprise outlook.
Our analysis reveals that these estimate adjustments are straight correlated with near-term inventory costs. To profit from this, we now have developed the Zacks Rank, a proprietary mannequin which takes these estimate adjustments into consideration and gives an actionable score system.
Starting from #1 (Robust Purchase) to #5 (Robust Promote), the Zacks Rank system has a confirmed, outside-audited observe report of outperformance, with #1 shares returning a mean of +25% yearly since 1988. Throughout the previous 30 days, our consensus EPS projection has moved 0.75% greater. MGA is holding a Zacks Rank of #3 (Maintain) proper now.
When it comes to valuation, MGA is at present buying and selling at a Ahead P/E ratio of 12.12. This valuation marks a reduction in comparison with its business’s common Ahead P/E of 12.86.
It is usually value noting that MGA at present has a PEG ratio of 0.69. This common metric is much like the widely-known P/E ratio, with the distinction being that the PEG ratio additionally takes into consideration the corporate’s anticipated earnings development charge. MGA’s business had a mean PEG ratio of 0.9 as of yesterday’s shut.
The Automotive – Authentic Tools business is a part of the Auto-Tires-Vehicles sector. This business at present has a Zacks Business Rank of 131, which places it within the backside 49% of all 250+ industries.
The Zacks Business Rank gauges the power of our particular person business teams by measuring the typical Zacks Rank of the person shares inside the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Remember to observe all of those stock-moving metrics, and lots of extra, on Zacks.com.
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Magna International Inc. (MGA) : Free Stock Analysis Report
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