S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68

Analysts Offer Predictions for Membership Collective Group Inc.'s Q1 2022 Earnings (NYSE:MCG)

Last updated on Saturday, May 14, 2022 | 2022 MarketBeat

Membership Collective Group Inc. (NYSE:MCG - Get Rating) - Stock analysts at William Blair issued their Q1 2022 EPS estimates for Membership Collective Group in a research report issued on Monday, May 9th. William Blair analyst S. Zackfia expects that the company will earn ($0.20) per share for the quarter. William Blair also issued estimates for Membership Collective Group's Q2 2022 earnings at ($0.17) EPS, Q3 2022 earnings at ($0.01) EPS, Q4 2022 earnings at ($0.02) EPS, FY2022 earnings at ($0.41) EPS and FY2023 earnings at ($0.15) EPS.

Other analysts have also issued reports about the company. Loop Capital lowered their target price on Membership Collective Group from $14.00 to $8.00 and set a "hold" rating for the company in a research note on Monday, March 21st. Morgan Stanley lowered their price objective on Membership Collective Group from $16.00 to $11.00 and set an "overweight" rating for the company in a research report on Thursday, March 17th. The Goldman Sachs Group lowered their price objective on Membership Collective Group from $13.00 to $9.50 and set a "sell" rating for the company in a research report on Tuesday, March 22nd. Zacks Investment Research upgraded Membership Collective Group from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, Citigroup lowered their price objective on Membership Collective Group from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Monday, March 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $13.14.


Shares of NYSE MCG opened at $7.83 on Thursday. The business has a fifty day moving average of $7.48 and a two-hundred day moving average of $9.57. Membership Collective Group has a 52-week low of $5.96 and a 52-week high of $14.87. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.99 and a quick ratio of 0.90. Membership Collective Group (NYSE:MCG - Get Rating) last issued its quarterly earnings data on Wednesday, March 16th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.01. The company had revenue of $184.52 million for the quarter, compared to the consensus estimate of $188.74 million.

Several hedge funds have recently bought and sold shares of MCG. Swiss National Bank lifted its position in shares of Membership Collective Group by 4.9% during the 1st quarter. Swiss National Bank now owns 72,200 shares of the company's stock valued at $560,000 after acquiring an additional 3,400 shares during the period. BlackRock Inc. raised its position in Membership Collective Group by 1.7% in the first quarter. BlackRock Inc. now owns 260,870 shares of the company's stock valued at $2,025,000 after purchasing an additional 4,380 shares during the last quarter. Legal & General Group Plc bought a new position in Membership Collective Group in the fourth quarter valued at about $95,000. Citigroup Inc. bought a new position in Membership Collective Group in the third quarter valued at about $157,000. Finally, Alpha Paradigm Partners LLC raised its position in Membership Collective Group by 64.3% in the fourth quarter. Alpha Paradigm Partners LLC now owns 32,903 shares of the company's stock valued at $421,000 after purchasing an additional 12,879 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Membership Collective Group Company Profile (Get Rating)

Membership Collective Group Inc operates a global membership platform of physical and digital spaces that connects members worldwide. The company's members use the MCG platform to work and socialize, connect, create, and have fun. As of January 2, 2022, it served approximately 155,800 members through a portfolio of 33 Soho Houses, 9 Soho Works clubs, The Ned in London, Soho Home, and Scorpios Beach Club in Mykonos, as well as digital channels.

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