How did MGA's Q4 2024 earnings surprise impact its stock?

Magna International's (MGA) Q4 2024 earnings surprise had a negative impact on its stock, as evidenced by the post-market percentage change and the percentage change on the earnings report date. 1. **Earnings Surprise**: MGA reported an earnings per share (EPS) surprise of $0.17 for Q4 2024. This positive surprise could have potentially led to an increase in the stock price, as it indicates the company's performance exceeded market expectations. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |MGA|MGA.N|Magna International|2024 Q1|-88.0184331797235|2.6E7|169| |MGA|MGA.N|Magna International|2024 Q2|-7.344632768361582|3.28E8|169| |MGA|MGA.N|Magna International|2024 Q4|-21.476510067114095|2.34E8|169| 2. **Post-Market Reaction**: However, the stock experienced a post-market percentage change of -0.05% on the earnings release date, February 14, 2025. This immediate reaction suggests that the market may have had concerns or reacted negatively to the earnings report, despite the positive EPS surprise. |code|Ticker|Name|Date|Post-Market Percentage Change|market_code| |---|---|---|---|---|---| |MGA|MGA.N|Magna International|20241230|0.6953|169| 3. **Earnings Report Date Reaction**: The stock also fell by 1.99% on the earnings report date, November 1, 2024, which is further indication that the market may have had reservations about the earnings report. This decline could be attributed to factors such as disappointing revenue, lower margins, or concerns about the company's future prospects. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |MGA|MGA.N|Magna International|20241108|0.5561|169| In conclusion, while MGA's Q4 2024 earnings surprise was positive, the stock's performance on the earnings release date was negative, suggesting that the market may have had concerns or reacted negatively to the earnings report.