The exciting news about Magnolia Oil & Gas Corporation (NYSE: MGY) will be shared on Wednesday 30th October 2024. Investors and analysts are eagerly waiting to hear about the company's financial performance for the third quarter of 2024. This significant announcement will happen after market close.
According to the predictions of financial experts on Wall Street, the company is set to unveil an estimated $0.48 profit per share for the quarter. Additionally, the company is expected to report a total revenue of $327.77 million for the specific period.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share income of $0.54. This numbers can be credited to the company's total revenue, which amounted to an impressive $315.68 million during the same quarter.
Financial experts on Wall Street have shared their predictions regarding the company's annual performance, estimating a total revenue of $1.31 billion. Additionally, they are expecting the company to report profit of $1.96 per share for the full year 2024.
MGY has scheduled a conference call on 31st October 2024 at 11:00 AM eastern time to discuss the third quarter financial results and other related information.
Magnolia Oil & Gas Corporation (MGY) closed Monday's regular trading session at $25.57, showing a 1.65 percent downfall. During the day, MGY shares traded between $25.12 and $25.67, with a day volume of 1.53 million shares.
