Marcus & Millichap Q2 EPS $(0.23), Inline, Sales $162.87M Beat $151.50M Estimate
Portfolio Pulse from sunil@benzinga.com
Marcus & Millichap (NYSE:MMI) reported Q2 losses of $(0.23) per share, meeting analyst consensus. This is a 122.12% decrease from last year's earnings. The company's quarterly sales of $162.87M beat the analyst consensus estimate of $151.50M by 7.50%, but this is a 58.87% decrease from last year's sales.
August 04, 2023 | 3:00 pm
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Marcus & Millichap reported Q2 losses in line with estimates, but a significant decrease from last year. Sales beat estimates but are down YoY.
Marcus & Millichap's Q2 results show a significant decrease in earnings and sales compared to the same period last year. While the company met and beat analyst estimates for EPS and sales respectively, the YoY decrease could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100