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

The Macerich

04/11/2024 15:44

* Macerich Co  MAC.N   MAC  is expected to show a fall in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The Santa Monica California-based  company is expected to
report
a 2.1% decrease in revenue to $213.571 million from $218.15
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (SAL represents Total
revenue/Property revenue)
    * ​LSEG'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," 6
"hold" and 7 "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
$16.00​, below​ its last closing price of $18.32. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.40        0.40       0.40      Met     0
 Mar. 31 2024  0.39        0.39       0.31      Missed  -20.6
 Jan. 1 0001   0.56        0.56       0.59      Beat    5.9​
 Sep. 30 2023  0.44        0.44       0.42      Missed  -5
 ​​Jun.        0.42        0.41       0.40      Missed  -3.4
 30 2023                                                
 Mar. 31 2023  0.41        0.41       0.40      Missed  -2.4​
 Dec. 31 2022  0.52        0.52       0.53      Beat    1.7
 Jan. 1 0001   0.46        0.47       0.46      Missed  -1.7
 This summary was machine generated November 4 at 15:44 GMT.  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)