Macerich Co expected to post a loss of 5 cents a share - Earnings Preview

Reuters
2024-11-04

* Macerich Co is expected to show a fall in quarterly revenue when it reports results on November 6 for the period ending September 30 2024

* The Santa Monica California-based company is expected to report a 2.1% decrease in revenue to $213.571 million from $218.15 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data. (SAL represents Total revenue/Property revenue)

* ​LSEG's mean analyst estimate for Macerich Co is for a loss of 5 cents per share.

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and 7 "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 $16.00​, below​ its last closing price of $18.32. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.40 0.40 0.40 Met 0

Mar. 31 2024 0.39 0.39 0.31 Missed -20.6

Jan. 1 0001 0.56 0.56 0.59 Beat 5.9​

Sep. 30 2023 0.44 0.44 0.42 Missed -5

​​Jun. 0.42 0.41 0.40 Missed -3.4

30 2023

Mar. 31 2023 0.41 0.41 0.40 Missed -2.4​

Dec. 31 2022 0.52 0.52 0.53 Beat 1.7

Jan. 1 0001 0.46 0.47 0.46 Missed -1.7

This summary was machine generated November 4 at 15:44 GMT. 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)

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