MGA / Magna International Stock: Well Placed To Benefit From The Upcoming Auto Industry Transformation

AURORA, Ontario, Oct. 04, 2023 (GLOBE NEWSWIRE) --  Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q3 2023 RESULTS CALL FRIDAY more_horizontal

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Magna International Inc. reported strong Q2 2023 results, beating revenue and earnings expectations. The company's outlook for light vehicle productio more_horizontal

Magna (MGA) expects full-year 2023 revenues in the band of $41.9-$43.5 billion, up from the previous guidance of $40.2-$41.8 billion. more_horizontal

Magna (MGA) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of more_horizontal

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Magna (MGA) could be a great choic more_horizontal

The P/B ratio helps to identify low-priced stocks that have high growth prospects. Magna International (MGA), Paramount Group (PGRE), Unum Group (UNM) more_horizontal