Marcus Q1 2024 GAAP EPS $(0.38), Inline, Sales $138.547M Beat $137.582M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marcus (NYSE:MCS) reported Q1 2024 earnings with a GAAP EPS of $(0.38), meeting analyst expectations but marking a 22.58% decrease from the previous year. Sales reached $138.547M, slightly above the $137.582M forecast but showing a 9.02% decline year-over-year.
May 02, 2024 | 11:53 am
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Marcus reported Q1 2024 earnings with EPS of $(0.38), in line with estimates, and sales of $138.547M, slightly above expectations but with a YoY decline.
Marcus's Q1 2024 earnings report shows a performance in line with analyst expectations for EPS but a slight beat in sales forecasts. However, the year-over-year decline in both EPS and sales may temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The alignment with estimates suggests stability, but the decline indicates potential challenges ahead.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100