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

Marcus and Millichap

03/11/2023 13:32

* Marcus & Millichap Inc  MMI.N  reported a quarterly
adjusted
loss of 24 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 53 cents.  The lone analyst forecast for the quarter was
for a loss of 26 cents per share. 
    * Revenue fell 50% to $162.03 million from a year ago;
analysts
expected $164.80 million. 
    * Marcus & Millichap Inc's reported EPS for the quarter was
a loss
of 24 cents​.
    * The company reported a quarterly loss of $9.24 million.
    * Marcus & Millichap Inc shares had risen by 1.1% this
quarter and
lost 13.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 550%
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 November 3 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.26          -0.24          Beat
 Jun. 30 2023      -0.23          -0.23          Met
 Mar. 31 2023      -0.17          -0.15          Beat
 Dec. 31 2022      0.19           0.20           Beat