Insights into Macerich's Upcoming Earnings

Macerich (NYSE:MAC) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Macerich to report an earnings per share (EPS) of $0.40.

The announcement from Macerich is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Historical Earnings Performance

In the previous earnings release, the company missed EPS by $0.03, leading to a 3.12% drop in the share price the following trading session.

Here's a look at Macerich's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.40

0.39

EPS Actual

0.37

0.31

0.56

0.44

Price Change %

-3.0%

-2.0%

1.0%

1.0%

Macerich Share Price Analysis

Shares of Macerich were trading at $18.67 as of November 01. Over the last 52-week period, shares are up 82.68%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about Macerich

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Macerich.

Macerich has received a total of 4 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $15.9, the consensus suggests a potential 14.84% downside.

Analyzing Analyst Ratings ...