A Preview Of Macerich's Earnings

Macerich Company -1.31% Pre

Macerich Company

MAC

16.52

16.52

-1.31%

0.00% Pre

Macerich (NYSE:MAC) is set to give its latest quarterly earnings report on Tuesday, 2023-10-31. Here's what investors need to know before the announcement.

Analysts estimate that Macerich will report an earnings per share (EPS) of $0.44.

Macerich 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).

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

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate
EPS Actual 0.4 0.4 0.53 0.46
Price Change % -1.33% 0.7% 0.38% 4.76%

Stock Performance

Shares of Macerich were trading at $9.71 as of October 27. Over the last 52-week period, shares are down 17.15%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Macerich visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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