• Magna International Inc MG.TO reported quarterly adjusted earnings of $1.69​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.33. The mean expectation of seventeen analysts for the quarter was for earnings of $1.52 per share. Wall Street expected results to range from $1.35 to $1.66 per share.

• Revenue rose 1.7% to $10.63 billion from a year ago; analysts expected $10.34 billion.

• Magna International Inc's reported EPS for the quarter was 71 cents​.

• The company reported quarterly net income of $203 million.

• Magna International Inc shares had fallen by 5.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.2% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "hold"

Wall Street's median 12-month price target for Magna International Inc is $50.00

This summary was machine generated from LSEG data February 14 at 02:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)