Magna International's latest earnings report showcases robust growth, defying industry challenges.
Recent earnings trend
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Magna International Inc
MG.TO
MG.TO
Magna International Inc
WealthAwesomeMarket cap
$26.17B
P/E
25.2x
Div. yield
2.01%
Div. / share
$1.97
52W high
$98.85
52W low
$54.83
1W change
+3.88%
Beta
1.86
Analyst Price Targets
Based on analyst covering MG
Wall Street analysts forecast MG stock price to fall 6.1% over the next 12 months.
Consensus
Moderately BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$90.29
-6.1% Upside
Current Price
C$96.14
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MG's historical volatility
30-Day Vol
31.3%
Annualized
90-Day Vol
34.3%
Annualized
Trend (90d)
+49.4%
Annualized drift
90d Mean
C$114.69
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$101.96 | C$91.51 – C$113.61 |
| 60 trading days | C$108.14 | C$92.80 – C$126.02 |
| 90 trading days | C$114.69 | C$95.10 – C$138.32 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 14 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-30 | — | 1.7400 | — |
| 2026-06-30 | 2026-07-31 | 1.8600 | 1.5300 | +21.6% |
| 2026-03-31 | 2026-05-01 | 1.3800 | 1.0100 | +36.6% |
| 2025-12-31 | 2026-02-13 | 2.1800 | 1.8000 | +21.1% |
| 2025-09-30 | 2025-10-31 | 1.3300 | 1.2500 | +6.4% |
| 2025-06-30 | 2025-08-01 | 1.4400 | 1.1500 | +25.2% |
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Magna International Inc. (MG.TO) recently released its second-quarter earnings for 2026, revealing impressive results that surpassed analyst expectations. The company reported earnings of $1.86 per share, a significant 21.6% increase over the consensus estimate of $1.53. This marks the fourth consecutive quarter of earnings surprises, underscoring Magna's operational strength amid a challenging automotive market.
Investor takeaway: Investors should take note of Magna's robust performance metrics, particularly its ability to generate record earnings and free cash flow. However, the company’s cautious outlook for the second half of the year, coupled with external pressures such as declining vehicle production, necessitates a balanced view moving forward.
Record EPS of $1.86, Surpassing Estimates by 21.6%
With a reported revenue of $10.98 billion, Magna achieved a year-over-year growth of 3.3%, despite a broader decline in the automotive sector. This growth was driven by operational efficiencies and strategic program launches.
Bull case
Magna's strong operational execution and focus on higher-margin electrification programs, like the recent eDrive deal with Chery, may help it navigate industry ups and downs. The raised full-year outlook for adjusted EBIT and free cash flow shows management's confidence in maintaining profitability.
Bear case
Despite the strong quarterly results, global light vehicle production is expected to decline, which could hurt sales volume. Additionally, ongoing tariff pressures and divestitures may affect future revenue, making it important for investors to keep a close eye on these developments.
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Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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