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Can Marcus & Millichap (MMI) Run Higher on Strong Earnings Estimate Revisions?
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Marcus & Millichap, Inc. (MMI - Free Report) , which operates a brokerage firm, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MMI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Marcus & Millichap could be a solid choice for investors.
Current Quarter Estimates for MMI
In the past 30 days, two estimates have gone higher for Marcus & Millichap while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 34 cents a share 30 days ago, to 38 cents today, a move of 11.8%.
Current Year Estimates for MMI
Meanwhile, Marcus & Millichap’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.64 per share 30 days ago to $1.93 per share today, an increase of 17.7%.
The stock has also started to move higher lately, adding 13.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Can Marcus & Millichap (MMI) Run Higher on Strong Earnings Estimate Revisions?
Marcus & Millichap, Inc. (MMI - Free Report) , which operates a brokerage firm, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MMI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Marcus & Millichap could be a solid choice for investors.
Current Quarter Estimates for MMI
In the past 30 days, two estimates have gone higher for Marcus & Millichap while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 34 cents a share 30 days ago, to 38 cents today, a move of 11.8%.
Current Year Estimates for MMI
Meanwhile, Marcus & Millichap’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.64 per share 30 days ago to $1.93 per share today, an increase of 17.7%.
Marcus & Millichap, Inc. Price and Consensus
Marcus & Millichap, Inc. Price and Consensus | Marcus & Millichap, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 13.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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