Macerich Co reports results for the quarter ended in December - Earnings Summary

The Macerich

08/02/2023 18:52

* Macerich Co  MAC.N  reported quarterly adjusted earnings
of 1
cent​​ per share for the quarter ended in December. The mean
expectation of seven analysts for the quarter was for earnings
of 3 cents per share.
    * Revenue fell 0.5% to $228.23 million from a year ago;
analysts
expected $228.83 million. 
    * Macerich Co's reported EPS for the quarter was 1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Macerich Co shares had risen by 18.2% this quarter.
    * The company reported quarterly net income of $1.69
million.
    * Wall Street's median 12-month price target for Macerich Co
is
$12.50 
    * 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." 

This summary was machine generated from Refinitiv data February
8 at 06:52 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.52           0.53           Beat
 Sep. 30 2022      0.47           0.46           Missed
 Jun. 30 2022      0.45           0.46           Beat
 Mar. 31 2022      0.47           0.50           Beat