Marcus & Millichap MMI is set to give its latest quarterly earnings report on Friday, 2021-11-05. Here's what investors need to know before the announcement.
Analysts estimate that Marcus & Millichap will likely report an Earnings Per Share (EPS) of $0.34
Marcus & Millichap bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company beat on EPS by 100.00%, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Marcus & Millichap's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.39 | 0.19 | 0.15 | 0.06 |
| EPS Actual | 0.78 | 0.37 | 0.59 | 0.15 |
| Price Change % | -0.79% | 1.12% | 4.2% | -2.58% |
Stock Performance
Shares of Marcus & Millichap were trading at $46.35 as of November 03. Over the last 52-week period, shares are up 44.77%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
If you want to track all upcoming earnings announcements, check out our Earnings Calendar here
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