Marcus & Millichap Inc reports results for the quarter ended June 30 - Earnings Summary

• Marcus & Millichap Inc MMI.N reported a quarterly adjusted loss of 28 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of two analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -13 cents to -6 cents per share.

• Revenue rose 8.8% to $172.28 million from a year ago; analysts expected $170.50 million.

• Marcus & Millichap Inc's reported EPS for the quarter was a loss of 28 cents​.

• The company reported a quarterly loss of $11.04 million.

• Marcus & Millichap Inc shares had risen by 4.9% this quarter and lost 15.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 143.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is "buy."

• Wall Street's median 12-month price target for Marcus & Millichap Inc is $30.00, about 7.4% below its last closing price of $32.23

This summary was machine generated from LSEG data August 7 at 06:01 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)