MGIC Stock - Magic Software Enterprises Ltd.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $552.52M | $535.05M | $566.79M | $480.32M | $371.19M |
| Gross Profit | $157.18M | $152.99M | $155.35M | $132.99M | $109.59M |
| Gross Margin | 28.4% | 28.6% | 27.4% | 27.7% | 29.5% |
| Operating Income | $61.24M | $57.11M | $61.38M | $51.23M | $40.59M |
| Net Income | $36.88M | $37.03M | $40.47M | $29.77M | $25.19M |
| Net Margin | 6.7% | 6.9% | 7.1% | 6.2% | 6.8% |
| EPS | $0.75 | $0.75 | $0.82 | $0.61 | $0.49 |
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies (IT) outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. Its IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services. The company offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi for application integration; FactoryEye for virtualization of production data; BusinessEye for organizational business intelligence; and Magic SmartUX for cross-platform mobile business applications. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers. In addition, the company provides software maintenance, support, training, and consulting services. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was incorporated in 1983 and is headquartered in Or Yehuda, Israel.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| March 12th 2025 | William Blair | Downgrade | Market Perform | - |
Earnings History & Surprises
MGICEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 11, 2026 | — | — | — | — |
Q1 2026 | Mar 10, 2026 | $0.28 | — | — | — |
Q4 2025 | Nov 18, 2025 | $0.29 | $0.25 | -13.8% | ✗ MISS |
Q3 2025 | Aug 13, 2025 | $0.24 | $0.26 | +8.3% | ✓ BEAT |
Q2 2025 | May 21, 2025 | $0.25 | $0.25 | 0.0% | = MET |
Q1 2025 | Mar 11, 2025 | $0.25 | $0.24 | -4.0% | ✗ MISS |
Q4 2024 | Nov 18, 2024 | $0.24 | $0.23 | -4.2% | ✗ MISS |
Q3 2024 | Aug 14, 2024 | $0.22 | $0.24 | +9.1% | ✓ BEAT |
Q2 2024 | May 16, 2024 | $0.21 | $0.23 | +9.5% | ✓ BEAT |
Q1 2024 | Mar 13, 2024 | $0.20 | $0.24 | +20.0% | ✓ BEAT |
Q4 2023 | Nov 14, 2023 | $0.26 | $0.21 | -19.2% | ✗ MISS |
Q3 2023 | Aug 14, 2023 | $0.27 | $0.28 | +3.7% | ✓ BEAT |
Q2 2023 | May 18, 2023 | $0.27 | $0.26 | -3.7% | ✗ MISS |
Q1 2023 | Mar 9, 2023 | $0.26 | $0.28 | +7.7% | ✓ BEAT |
Q4 2022 | Nov 14, 2022 | $0.26 | $0.28 | +7.7% | ✓ BEAT |
Q3 2022 | Aug 11, 2022 | $0.27 | $0.24 | -11.1% | ✗ MISS |
Q2 2022 | May 12, 2022 | $0.25 | $0.26 | +4.0% | ✓ BEAT |
Q1 2022 | Mar 2, 2022 | $0.26 | $0.26 | 0.0% | = MET |
Q4 2021 | Nov 15, 2021 | $0.21 | $0.24 | +14.3% | ✓ BEAT |
Q3 2021 | Aug 12, 2021 | $0.21 | $0.23 | +9.5% | ✓ BEAT |
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