Marcus & Millichap Inc reports results for the quarter ended in December - Earnings Summary

Marcus and Millichap

16/02/2024 14:32

* Marcus & Millichap Inc  MMI.N  reported a quarterly
adjusted
loss of 27 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of 20 cents.  The lone analyst forecast for the quarter was
for a loss of 28 cents per share. 
    * Revenue fell 36.7% to $166.24 million from a year ago;
analysts
expected $171.20 million. 
    * Marcus & Millichap Inc's reported EPS for the quarter was
a loss
of 27 cents​.
    * The company reported a quarterly loss of $10.23 million.
    * Marcus & Millichap Inc shares had fallen by 8.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Marcus &
Millichap Inc is $20.00 

This summary was machine generated from LSEG data February 16 at
02:31 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
 Dec. 31 2023      -0.28          -0.27          Beat
 Sep. 30 2023      -0.26          -0.24          Beat
 Jun. 30 2023      -0.23          -0.23          Met
 Mar. 31 2023      -0.17          -0.15          Beat