Marcus & Millichap Inc reports results for the quarter ended September 30 - Earnings Summary

Marcus and Millichap

08/11/2024 16:24

* Marcus & Millichap Inc  MMI.N  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -24 cents.  The lone analyst forecast for the
quarter was for a loss of 19 cents per share. 
    * Revenue rose 4% to $168.51 million from a year ago;
analysts
expected $160.90 million. 
    * Marcus & Millichap Inc's reported EPS for the quarter was
a loss
of 14 cents​.
    * The company reported a quarterly loss of $5.39 million.
    * Marcus & Millichap Inc shares had risen by 1.4% this
quarter and
lost 8.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 58.3%
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 30.00 
This summary was machine generated from LSEG data November 8 at
04:23 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
 Sep. 30 2024      -0.19          -0.14          Beat
 Jun. 30 2024      -0.15          -0.14          Beat
 Mar. 31 2024      -0.28          -0.26          Beat
 Dec. 31 2023      -0.28          -0.27          Beat