Analysts at The Macerich Company (NYSE: MAC) delivered a dose of negativity to shareholders today by substantially revising their legal forecasts for this year. This report has focused on revenue estimates and it appears that the consensus view of the business has become substantially more conservative.
After the downgrade, the consent from Macerich’s seven analysts expect revenues of $ 674 million in 2021, which would reflect a non-negligible 11% drop in sales from last year’s performance. The loss per share is expected to decline significantly in the near future, shrinking 23% to $ 1.22. However, before the estimates are updated, the …
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