Macerich Co expected to post a loss of 5 cents a share - Earnings Preview

The Macerich

27/10/2023 19:34

* Macerich Co  MAC.N   MAC  is expected to show a rise in
quarterly revenue when it reports  results on October 31. 
    * The Santa Monica California-based  company is expected to
report
 a 0.6% increase in revenue to $211.99 million from $210.7
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Macerich Co is for
a loss
of 5 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 5 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Macerich Co
is
$12​, above​ its last closing price of $10.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.42        0.42       0.40      Missed  -5
 Mar. 31 2023  0.41        0.41       0.40      Missed  -2.4
 Dec. 31 2022  0.52        0.52       0.53      Beat    1.7​
 Sep. 30 2022  0.46        0.47       0.46      Missed  -1.7
 ​​Jun.        0.45        0.45       0.46      Beat    2.8
 30 2022                                                
 Mar. 31 2022  0.47        0.47       0.50      Beat    7​
 Dec. 31 2021  0.48        0.48       0.53      Beat    9.8
 Sep. 30 2021  0.43        0.43       0.45      Beat    3.7
 This summary was machine generated October 27 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated