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

Marcus and Millichap

04/08/2023 14:33

* Marcus & Millichap Inc  MMI.N  reported a quarterly
adjusted
loss of 23 cents​​ per share for the quarter ended in June. The
lone analyst forecast for the quarter was for a loss of 23 cents
per share.
    * Revenue fell 58.9% to $162.87 million from a year ago;
analysts
expected $151.50 million. 
    * Marcus & Millichap Inc's reported EPS for the quarter was
a loss
of 23 cents​.
    * The mean earnings estimate of analysts had fallen by
about 2,200% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Marcus & Millichap Inc shares had risen by 17.9% this
quarter and gained 7.8% so far this year.
    * The company reported a quarterly loss of $8.73 million.
    * Wall Street's median 12-month price target for Marcus &
Millichap Inc is $20.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.23          -0.23          Met
 Mar. 31 2023      -0.17          -0.15          Beat
 Dec. 31 2022      0.19           0.20           Beat
 Sep. 30 2022      0.55           0.53           Missed