Macerich Q1 Sales $208.783M Beat $205.112M Estimate
Portfolio Pulse from Benzinga Newsdesk
Macerich reported Q1 sales of $208.783M, surpassing the analyst consensus estimate of $205.112M by 1.79%, but marking a 2.83% decrease from the previous year's sales of $214.854M.
April 30, 2024 | 11:00 am
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NEUTRAL IMPACT
Macerich's Q1 sales exceeded analyst expectations but showed a year-over-year decline.
While beating analyst estimates typically has a positive impact on stock prices, the year-over-year decline in sales might temper investor enthusiasm. The mixed results suggest a neutral short-term impact on Macerich's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100