Marcus & Millichap Q1 GAAP EPS $(0.26) Beats $(0.28) Estimate, Sales $129.10M Beat $127.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marcus & Millichap (NYSE:MMI) reported Q1 GAAP EPS of $(0.26), surpassing the $(0.28) estimate, with sales of $129.10M exceeding the $127.50M forecast. This represents a 73.33% decrease in EPS and a 16.60% decrease in sales from the previous year.
May 08, 2024 | 11:17 am
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Marcus & Millichap reported better-than-expected Q1 earnings and sales, with a significant decrease in EPS and sales year-over-year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price, as it indicates better-than-expected financial health. However, the significant year-over-year decreases in both EPS and sales may temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100