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 consensus of Macerich’s seven analysts is for a turnover of 674 million dollars in 2021, which would reflect a not inconsiderable decline of 11% in sales compared to the last year of 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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