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

The Macerich

31/10/2023 13:32

* Macerich Co  MAC.N  reported a quarterly adjusted loss of
$1.22​​ per share for the quarter ended in September. The mean
expectation of six analysts for the quarter was for a loss of 5
cents per share.
    * Revenue rose 3.5% to $218.15 million from a year ago;
analysts
expected $211.99 million. 
    * Macerich Co's reported EPS for the quarter was a loss of
$1.22​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
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 10.5% this quarter and
lost 13.3% so far this year.
    * The company reported a quarterly loss of $262.55 million.
    * Wall Street's median 12-month price target for Macerich Co
is
$12.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 31 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.44           0.42           Missed
 Jun. 30 2023      0.42           0.40           Missed
 Mar. 31 2023      0.41           0.40           Missed
 Dec. 31 2022      0.52           0.53           Beat