Marcus Q2 2024 Adj. EPS $(0.17) Misses $0.03 Estimate, Sales $176.032M Beat $163.828M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marcus Corporation (NYSE:MCS) reported a Q2 2024 adjusted EPS of $(0.17), missing the analyst estimate of $0.03 by a significant margin. However, the company reported sales of $176.032 million, beating the estimate of $163.828 million. This represents a 14.96% decrease from the same period last year.
August 01, 2024 | 11:50 am
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Marcus Corporation (NYSE:MCS) reported a Q2 2024 adjusted EPS of $(0.17), missing the analyst estimate of $0.03 by a significant margin. However, the company reported sales of $176.032 million, beating the estimate of $163.828 million. This represents a 14.96% decrease from the same period last year.
The significant miss on EPS is likely to negatively impact investor sentiment and the stock price in the short term. Although sales beat estimates, the YoY decrease in sales adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100