Core Viewpoint - Wall Street analysts anticipate a decline in Macerich's quarterly earnings per share, projecting $0.43, which reflects an 8.5% year-over-year decrease, while revenues are expected to increase by 3.5% to $283.31 million [1] Earnings Estimates - There has been a downward revision of 3.1% in the consensus EPS estimate over the last 30 days, indicating a reassessment by analysts of their initial forecasts [1][2] Revenue Projections - Analysts predict 'Leasing Revenue- Minimum rents' will reach $167.66 million, showing a year-over-year increase of 5.4% [4] - 'Management Companies revenues' are expected to decline to $6.09 million, reflecting a 21.1% decrease from the previous year [4] - 'Leasing Revenue- Tenant recoveries' is forecasted at $71.99 million, indicating a year-over-year increase of 9.3% [4] - 'Leasing Revenue- Percentage rents' is estimated to be $18.92 million, suggesting a 16.2% year-over-year decline [5] - 'Depreciation and amortization' is expected to be $92.30 million [5] Stock Performance - Over the past month, Macerich shares have returned -1.2%, compared to the Zacks S&P 500 composite's -1.7% change, indicating a slight outperformance relative to the index [5] - With a Zacks Rank of 4 (Sell), Macerich is expected to underperform the overall market in the near term [5]

Core Viewpoint - Analysts project that Macerich (MAC) will report quarterly earnings of $0.31 per share, unchanged year over year, with revenues expected to reach $218.91 million, reflecting a 4.9% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 0.4% in the past 30 days, indicating a reassessment by covering analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Key Metrics Forecast - Analysts estimate 'Leasing Revenue- Minimum rents' at $133.74 million, a 5.2% increase year over year [5]. - 'Management Companies revenues' are projected to reach $7.36 million, indicating a decline of 10.6% year over year [5]. - 'Leasing Revenue- Tenant recoveries' is expected to be $59.11 million, reflecting a 1.9% increase from the prior-year quarter [5]. - 'Depreciation and amortization' is forecasted to reach $70.92 million, compared to $68.35 million from the previous year [6]. Stock Performance - Macerich shares have returned +12% over the past month, outperforming the Zacks S&P 500 composite's +10.6% change [7]. - With a Zacks Rank 3 (Hold), MAC is expected to mirror overall market performance in the near future [7].