Macerich Co reports results for the quarter ended December 31 - Earnings Summary

• Macerich Co MAC.N reported a quarterly adjusted loss of 89 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of nine analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 2 cents to 7 cents per share.

• Revenue rose 14.7% to $273.68 million from a year ago; analysts expected $223.10 million.

• Macerich Co's reported EPS for the quarter was a loss of 89 cents​.

• The company reported a quarterly loss of $211.21 million.

• Macerich Co shares had risen by 1.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 9 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the commercial reits peer group is also "hold"

Wall Street's median 12-month price target for Macerich Co is $22.00

This summary was machine generated from LSEG data February 27 at 03:24 p.m. UTC. ​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)