New Forecasts: Here's What Analysts Think The Future Holds For Magic Software Enterprises Ltd. (NASDAQ:MGIC) [Yahoo! Finance]
Magic Software Enterprises Ltd. - Ordinary Shares (MGIC)
Last magic software enterprises ltd. - ordinary shares earnings: 3/9 07:18 am
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US:NASDAQ Investor Relations:
magicsoftware.com/investor-relations
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Source: Yahoo! Finance
The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects. The market may be pricing in some blue sky too, with the share price gaining 13% to US$11.81 in the last 7 days. We'll be curious to see if these new estimates convince the market to lift the stock price higher still. Following this upgrade, Magic Software Enterprises' solo analyst are forecasting 2024 revenues to be US$540m, approximately in line with the last 12 months. Statutory earnings per share are expected to be US$0.75, roughly flat on the last 12 months. Prior to this update, the analyst had been forecasting revenues of US$474m and earnings per share (EPS) of US$0.61 in 2024. There has definitely been an improvement in perception recently, with the analyst substantially increasing both their earnings and revenue estimates. View our latest analysis for Magic Software Enterprises It will come as no surprise
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News
- Melanie McFaddin with Wiley Bros – Aintree Capital &Partners, LLC Represents Theoris, Inc. in its Acquisition by CoreTech Consulting Group, LLC [Yahoo! Finance]Yahoo! Finance
- Melanie McFaddin with Wiley Bros – Aintree Capital &Partners, LLC Represents Theoris, Inc. in its Acquisition by CoreTech Consulting Group, LLCBusiness Wire
- The Bear's Case For Magic Software Enterprises [Seeking Alpha]Seeking Alpha
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) had its price target raised by analysts at Barclays PLC from $13.00 to $14.00. They now have an "overweight" rating on the stock.MarketBeat
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
MGIC
Earnings
- 3/13/24 - Beat
MGIC
Sec Filings
- 4/5/24 - Form 6-K
- 3/13/24 - Form 6-K
- 2/28/24 - Form 6-K
- MGIC's page on the SEC website