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

Marcus

03/05/2024 17:03

* Marcus Corp  MCS.N  reported a quarterly adjusted loss
of 38
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -31
cents.  The mean expectation of two analysts for the quarter was
for a loss of 37 cents per share. Wall Street expected
results to range from -39 cents to -36 cents per share.
    * Revenue fell 9% to $138.55 million from a year ago;
analysts
expected $137.58 million. 
    * Marcus Corp's reported EPS for the quarter was a loss
of 38
cents​.
    * The company reported a quarterly loss of $11.87 million.
    * Marcus Corp shares had fallen by 15.5% this quarter and
lost 17.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
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
$19.00 
This summary was machine generated from LSEG data May 3 at 04:03
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
 Mar. 31 2024      -0.37          -0.38          Missed
 Dec. 31 2023      -0.17          -0.05          Beat
 Sep. 30 2023      0.34           0.31           Missed
 Jun. 30 2023      0.29           0.35           Beat