Macerich Co expected to post a loss of 7 cents a share - Earnings Preview

The Macerich

02/05/2023 19:36

* Macerich Co  MAC.N   MAC  is expected to show a fall in
quarterly revenue when it reports  results on May 4. 
    * The Santa Monica California-based  company is expected to
report
 a 5.2% decrease in revenue to $204.959 million from $216.14
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Macerich Co is for
a loss
of 7 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and 6 "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
$11.5​, above​ its last closing price of $10.31. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.45        0.45       0.46      Beat    2.8​
 Mar. 31 2022  0.47        0.47       0.50      Beat    7
 ​​Dec.        0.48        0.48       0.53      Beat    9.8
 31 2021                                                
 Sep. 30 2021  0.43        0.43       0.45      Beat    3.7​
 Jun. 30 2021  0.44        0.43       0.59      Beat    36.2
 Mar. 31 2021  0.45        0.46       0.45      Missed  -1.2
 This summary was machine generated May 2 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated