Macerich Co expected to post earnings of 3cents a share - Earnings Preview

The Macerich

03/02/2023 15:55

* Macerich Co  MAC.N   MAC  is expected to show a fall in
quarterly revenue when it reports  results on February 7. 
    * The Santa Monica California-based  company is expected to
report
 a 0.2% decrease in revenue to $228.834 million from $229.4
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Macerich Co is for
earnings of 3 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 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
$12.5​, below​ its last closing price of $14.22. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.48        0.48       0.53      Beat    9.8
 ​​Sep.        0.43        0.43       0.45      Beat    3.7
 30 2021                                                
 Jun. 30 2021  0.44        0.43       0.59      Beat    36.2​
 Mar. 31 2021  0.45        0.46       0.45      Missed  -1.2
 Dec. 31 2020  0.53        0.55       0.45      Missed  -18.1
 This summary was machine generated February 3 at 15:55 GMT.  All
figures in US dollars  unless otherwise stated