Marcus Corp reports results for the quarter ended in June - Earnings Summary

Marcus

01/08/2024 14:32

* Marcus Corp  MCS.N  reported a quarterly adjusted loss
of 64
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 35
cents.  The mean expectation of two analysts for the quarter was
for earnings of 3 cents per share. Wall Street expected
results to range from 2 cents to 3 cents per share.
    * Revenue fell 15% to $176.03 million from a year ago;
analysts
expected $163.83 million. 
    * Marcus Corp's reported EPS for the quarter was a loss
of 64
cents​.
    * The company reported a quarterly loss of $20.22 million.
    * Marcus Corp shares had risen by 10.7% this quarter and
lost 13.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 83.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the leisure &
recreation peer group is also "buy"

Wall Street's median 12-month price target for Marcus Corp is
$20.00 
This summary was machine generated from LSEG data August 1 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.03           -0.64          Missed
 Mar. 31 2024      -0.37          -0.38          Missed
 Dec. 31 2023      -0.17          -0.05          Beat
 Sep. 30 2023      0.34           0.31           Missed