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Magic Software: Q3 Earnings Insights

Magic Software (NASDAQ:MGIC) reported its Q3 earnings results on Tuesday, November 14, 2023 at 07:47 AM. Here’s what…
byBenzinga Insights
November 14, 2023
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Magic Software (NASDAQ:MGIC) reported its Q3 earnings results on Tuesday, November 14, 2023 at 07:47 AM.

Here’s what investors need to know about the announcement.

Earnings

Magic Software missed estimated earnings by 19.23%, reporting an EPS of $0.21 versus an estimate of $0.26.

Revenue was down $14.48 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 2.91% drop in the share price the next day.

Here’s a look at Magic Software’s past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate 0.26 0.28 0.26 0.27
EPS Actual 0.28 0.26 0.28 0.28
Revenue Estimate 142.30M 143.40M 142.98M 131.75M
Revenue Actual 137.58M 142.44M 147.15M 143.96M

To track all earnings releases for Magic Software visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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