Macerich Co MAC.N, MAC is expected to show a fall in quarterly revenue when it reports results on April 30 for the period ending March 31 2024
The Santa Monica California-based company is expected to report a 4.5% decrease in revenue to $205.112 million from $214.85 million a year ago, according to the mean estimate from 8 analysts, based on LSEG data. (SAL represents Total revenue/Property revenue)
LSEG's mean analyst estimate for Macerich Co is for a loss of 9 cents per share.
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."
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, above its last closing price of $15.38.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING |
STARMINESMARTESTIMATE® |
LSEG IBES ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
SURPRISE % |
Dec. 31 2023 |
0.56 |
0.56 |
0.59 |
Beat |
5.9 |
Sep. 30 2023 |
0.44 |
0.44 |
0.42 |
Missed |
-5 |
Jun. 30 2023 |
0.42 |
0.41 |
0.40 |
Missed |
-3.4 |
Mar. 31 2023 |
0.41 |
0.41 |
0.40 |
Missed |
-2.4 |
Dec. 31 2022 |
0.52 |
0.52 |
0.53 |
Beat |
1.7 |
Sep. 30 2022 |
0.46 |
0.47 |
0.46 |
Missed |
-1.7 |
Jun. 30 2022 |
0.45 |
0.45 |
0.46 |
Beat |
2.8 |
Mar. 31 2022 |
0.47 |
0.47 |
0.50 |
Beat |
7 |
This summary was machine generated April 26 at 13:26 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)