Marcus & Millichap Q3 EPS $(0.24) Beats $(0.26) Estimate, Sales $162.03M Miss $164.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marcus & Millichap (NYSE:MMI) reported Q3 losses of $(0.24) per share, beating the analyst consensus estimate of $(0.26) by 7.69%. However, the company's quarterly sales of $162.03M missed the analyst consensus estimate of $164.80M by 1.68%. This represents a 145.28% decrease in earnings and a 49.97% decrease in sales compared to the same period last year.
November 03, 2023 | 10:37 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Marcus & Millichap's Q3 earnings beat estimates but sales missed, with significant YoY decreases in both earnings and sales.
Marcus & Millichap's Q3 results showed a significant decrease in both earnings and sales compared to the same period last year. While the company beat earnings estimates, it missed on sales, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100