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

The Macerich

30/04/2024 17:03

* Macerich Co  MAC.N  reported a quarterly adjusted loss
of 59
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -27
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 9 cents per share. Wall Street expected
results to range from -16 cents to -2 cents per share.
    * Revenue fell 2.8% to $208.78 million from a year ago;
analysts
expected $205.11 million. 
    * Macerich Co's reported EPS for the quarter was a loss
of 59
cents​.
    * The company reported a quarterly loss of $126.73 million.
    * Macerich Co shares had fallen by 7.1% this quarter and
gained 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 5 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Macerich Co
is
$16.00 

This summary was machine generated from LSEG data April 30 at
04:03 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.39           0.31           Missed
 Dec. 31 2023      0.56           0.59           Beat
 Sep. 30 2023      0.44           0.42           Missed
 Jun. 30 2023      0.41           0.40           Missed