Marcus & Millichap's Earnings: A Preview

Marcus & Millichap (NYSE:MMI) is preparing to release its quarterly earnings on Friday, 2024-11-08. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Marcus & Millichap to report an earnings per share (EPS) of $-0.19.

Marcus & Millichap bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings History Snapshot

Last quarter the company beat EPS by $0.01, which was followed by a 1.56% increase in the share price the next day.

Here's a look at Marcus & Millichap's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.15

-0.28

-0.28

-0.26

EPS Actual

-0.14

-0.26

-0.27

-0.24

Price Change %

2.0%

2.0%

-1.0%

7.000000000000001%

Marcus & Millichap Share Price Analysis

Shares of Marcus & Millichap were trading at $40.27 as of November 06. Over the last 52-week period, shares are up 36.17%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Insights on Marcus & Millichap

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Marcus & Millichap.

The consensus rating for Marcus & Millichap is ...