Marcus & Millichap Q4 EPS $(0.27) Beats $(0.28) Estimate, Sales $166.24M Miss $171.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marcus & Millichap (NYSE:MMI) reported Q4 losses of $(0.27) per share, beating estimates by 3.57% but with a 235% decrease from last year. Sales were $166.24M, missing estimates by 2.90% and marking a 36.66% decrease from the previous year.
February 16, 2024 | 11:11 am
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NEGATIVE IMPACT
Marcus & Millichap reported a Q4 EPS of $(0.27), surpassing estimates but showing a significant year-over-year decline. Sales also fell short of expectations and decreased substantially from the previous year.
The earnings per share beat estimates, which could be seen as a positive signal. However, the significant year-over-year decline in both EPS and sales suggests underlying challenges. The missed sales estimate and the substantial decrease in sales compared to the previous year are likely to negatively impact investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100