Marcus & Millichap Inc reports results for the quarter ended March 31 - Earnings Summary

• Marcus & Millichap Inc MMI.N reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -26 cents. The lone analyst forecast for the quarter was for a loss of 16 cents per share.

• Revenue rose 12.3% to $145.04 million from a year ago; analysts expected $140.20 million.

• Marcus & Millichap Inc's reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $4.42 million.

• Marcus & Millichap Inc shares had fallen by 14.7% this quarter and lost 23.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 300% 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 "sell" and the breakdown of recommendations is no "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is also "sell"

• Wall Street's median 12-month price target for Marcus & Millichap Inc is $30.00

This summary was machine generated from LSEG data May 7 at 01:31 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)