A Preview Of Macerich's Earnings
Portfolio Pulse from Benzinga Insights
Macerich (NYSE:MAC) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.44. The company's past performance shows a mixed trend in price changes post-earnings release. The stock was trading at $9.71 as of October 27, with a 52-week return of -17.15%.
October 30, 2023 | 5:02 pm
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Macerich is expected to report an EPS of $0.44 in its upcoming earnings. The stock has been down 17.15% over the past year, indicating a bearish sentiment among long-term shareholders.
The upcoming earnings report is a significant event for Macerich. Given the negative return over the past year, it's likely that the stock price will be impacted by the earnings announcement. If the company fails to meet the estimated EPS, the stock price could further decline. Conversely, a beat on the EPS estimate and positive guidance could potentially boost the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100