The Marcus Corporation (NYSE:MCS) is expected to report third quarter earnings results, before market open, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 1.25 per share.
Looking ahead, the full year loss are expected at $ 3.33 per share on the revenues of $ 355.09 million.
Previous Quarter Performance
The Marcus Corporation communicated loss for the second quarter of $ 1.37 per share, from the revenue of $ 6.00 million. The quarterly revenues declined 97.42 percent compared with the same quarter last year. Wall street analysts are predicting, MCS to report 2Q20 loss of $ 1.61 per share from revenue of $ 2.98 million. The bottom line results beat street analysts by $ 0.24 or 14.91 percent, at the same time, top line results outshined analysts by $ 3.02 million or 101.34 percent.
Stock Performance
Shares of The Marcus Corporation traded up $ 0.22 or 3.00 percent on Monday, reaching $ 7.55 with volume of 366.00 thousand shares. The Marcus Corporation has traded high as $ 7.70 and has cracked $ 7.34 on the downward trend
The closing price of $ 7.55, representing a 7.16 % increase from the 52 week low of $ 6.84 and a 80.12 % decrease over the 52 week high of $ 36.88.
The company has a market capital of $ 234.51 million and is part of the Consumer Cyclical sector and Media – Diversified industry.
Conference Call
The Marcus Corporation will be hosting a conference call at 11:00 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.marcuscorp.com
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnies Plaza.
