Magna International set to report quarterly earnings with analysts expecting $1.43 EPS

Magna International will announce its quarterly earnings on November 1, 2024. Analysts predict an earnings per share (EPS) of $1.43. Investors are looking for results that exceed expectations and positive guidance for the next quarter. In the previous quarter, Magna's EPS fell short by $0.09, causing a 0% drop in share price the following day. Recent earnings have shown mixed results, with significant price changes following announcements. As of October 30, Magna's shares were priced at $41.31, down nearly 25% over the past year. This decline may influence investor sentiment ahead of the upcoming earnings report.