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

The Macerich

04/05/2023 16:03

* Macerich Co  MAC.N  reported a quarterly adjusted loss
of 27
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss
of 7 cents per share.
    * Revenue rose 11.9% to $241.85 million from a year ago;
analysts
expected $204.96 million. 
    * Macerich Co's reported EPS for the quarter was a loss
of 27
cents​.
    * The mean earnings estimate of analysts had fallen by
about 5.3%
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 fallen by 3.3% this quarter and
lost 9.0%
so far this year.
    * The company reported a quarterly loss of $58.73 million.
    * Wall Street's median 12-month price target for Macerich Co
is
$11.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and 6 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 03:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.41           0.40           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