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

Marcus and Millichap

07/08/2024 14:52

* Marcus & Millichap Inc  MMI.N  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -23 cents.  The lone analyst forecast for the
quarter was for a loss of 15 cents per share. 
    * Revenue fell 2.8% to $158.37 million from a year ago;
analysts
expected $160.70 million. 
    * Marcus & Millichap Inc's reported EPS for the quarter was
a loss
of 14 cents​.
    * The company reported a quarterly loss of $5.54 million.
    * Marcus & Millichap Inc shares had risen by 22.3% this
quarter and lost 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.1%
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." 
    * The average consensus recommendation for the real estate
services peer group is also "sell"

Wall Street's median 12-month price target for Marcus &
Millichap Inc is $20.00 
This summary was machine generated from LSEG data August 7 at
01:52 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      -0.15          -0.14          Beat
 Mar. 31 2024      -0.28          -0.26          Beat
 Dec. 31 2023      -0.28          -0.27          Beat
 Sep. 30 2023      -0.26          -0.24          Beat