Magna International's Positive 4Q Will Face FX Headwinds -- Market Talk

Dow Jones01-27

0924 ET - Magna International has done a lot under the hood to support strong margins in 4Q, but currency dynamics may be a slight offset. In a TD Cowen report, Brian Morrison says the Canadian auto-parts manufacturer's guidance implies strong sequential and year-over-year margin expansion as well as EPS growth. This isn't without challenges, but the analyst says he is optimistic in Magna's margin outlook, "largely due to its 'self-help' initiatives like operating efficiencies, lower engineering costs, and customer/engineering recoveries." Still, a strong U.S. dollar will weigh on earnings, despite Magna's operational efforts. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

January 27, 2025 09:24 ET (14:24 GMT)

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This isn't without challenges, but the analyst says he is optimistic in Magna's margin outlook, \"largely due to its 'self-help' initiatives like operating efficiencies, lower engineering costs, and customer/engineering recoveries.\" Still, a strong U.S. dollar will weigh on earnings, despite Magna's operational efforts. 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In a TD Cowen report, Brian Morrison says the Canadian auto-...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2506370703","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2506370703","pubTimestamp":1737987840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2025 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"麦格纳国际第四季度的积极业绩将面临外汇阻力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGA":1},"content_text":"0924 ET - Magna International has done a lot under the hood to support strong margins in 4Q, but currency dynamics may be a slight offset. In a TD Cowen report, Brian Morrison says the Canadian auto-parts manufacturer's guidance implies strong sequential and year-over-year margin expansion as well as EPS growth. This isn't without challenges, but the analyst says he is optimistic in Magna's margin outlook, \"largely due to its 'self-help' initiatives like operating efficiencies, lower engineering costs, and customer/engineering recoveries.\" Still, a strong U.S. dollar will weigh on earnings, despite Magna's operational efforts. 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