Magnite (MGNI) to Release Earnings on Wednesday

Key Points

• Magnite (MGNI) will report Q1 2026 results after the close on Wednesday, May 6, with analysts expecting EPS of $0.1057 and revenue of $159.24 million and an earnings call at 4:30 PM ET.
• In the prior quarter (reported Feb. 25) Magnite posted $0.34 EPS (missing by $0.01) and $205.36 million in revenue (beating estimates), with revenue up 5.9% year‑over‑year; analysts project roughly $1 EPS for both the current and next fiscal year.
• Shares trade near $12.97 with a market cap around $1.86 billion and a consensus "Moderate Buy" rating (average target $24.10); an insider sold 21,529 shares in February.

Magnite (NASDAQ:MGNI - Get Free Report) is projected to post its Q1 2026 results after the market closes on Wednesday, May 6th. Analysts expect the company to announce earnings of $0.1057 per share and revenue of $159.2420 million for the quarter. Interested persons are encouraged to explore the company's upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Wednesday, May 6, 2026 at 4:30 PM ET.

Magnite (NASDAQ:MGNI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $205.36 million during the quarter, compared to analysts' expectations of $193.87 million. Magnite had a return on equity of 8.44% and a net margin of 20.25%.The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, analysts expect Magnite to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Magnite Trading Down 0.5%

Shares of Magnite stock opened at $12.97 on Wednesday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.80 and a beta of 2.39. Magnite has a fifty-two week low of $10.82 and a fifty-two week high of $26.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50 day moving average of $12.60 and a 200 day moving average of $14.45.

Insider Activity

In other news, insider Adam Lee Soroca sold 21,529 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $12.00, for a total value of $258,348.00. Following the sale, the insider directly owned 388,425 shares in the company, valued at approximately $4,661,100. This trade represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.30% of the company's stock.

Institutional Trading of Magnite

Hedge funds have recently modified their holdings of the stock. US Bancorp DE raised its stake in Magnite by 75.8% in the third quarter. US Bancorp DE now owns 1,596 shares of the company's stock valued at $35,000 after buying an additional 688 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Magnite by 45.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company's stock valued at $53,000 after buying an additional 755 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Magnite by 20.5% in the second quarter. Smartleaf Asset Management LLC now owns 3,387 shares of the company's stock valued at $82,000 after buying an additional 577 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Magnite in the third quarter valued at $83,000. Finally, Quantbot Technologies LP acquired a new stake in Magnite in the third quarter valued at $88,000. 73.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MGNI. Wells Fargo & Company lowered their price objective on Magnite from $20.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday, February 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $39.00 price objective on shares of Magnite in a research report on Thursday, February 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Magnite in a research report on Thursday, January 22nd. Benchmark lowered their price objective on Magnite from $31.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Finally, Evercore reiterated an "outperform" rating and issued a $20.00 price objective on shares of Magnite in a research report on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.10.

Magnite Company Profile

Magnite, Inc NASDAQ: MGNI operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.

At the core of Magnite's offering is its supply-side platform (SSP), which connects publishers' ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).

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