Moelis Q1 adjusted revenue rises 4% but misses estimates

Moelis & Co

29/04/2026 21:37

Overview

U.S. investment bank's Q1 adjusted revenue rose 4% but missed analyst expectations

Adjusted EPS for Q1 fell and missed analyst expectations

Company repurchased 1.9 mln shares and returned $171.4 mln to shareholders in Q1

Moelis says client transaction pipeline is near all-time highs

Outlook

Company expects continued strong performance based on current pipeline

Moelis continues to execute growth strategy with new hires throughout the year

Result Drivers

PRIVATE CAPITAL ADVISORY AND M&A - Revenue growth was primarily driven by increased Private Capital Advisory and M&A revenues, partially offset by declines in Capital Structure Advisory and Capital Markets

HIGHER NON-COMPENSATION EXPENSES - Increased deal-related costs and growth in communications and technology expenses contributed to higher non-compensation expenses

LOWER INCENTIVE COMPENSATION - Slight decline in compensation and benefits expense was due to a lower incentive compensation accrual

Company press release: ID:nBw4n0Hbda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$319.78 mln
Q1 Adjusted Revenue
Miss
$319.78 mln
$337.80 mln (8 Analysts)
Q1 Adjusted EPS
Miss
$0.50
$0.55 (11 Analysts)
Q1 EPS
$0.48
Q1 Adjusted Net Income
Miss
$43.11 mln
$50.65 mln (7 Analysts)
Q1 Net Income
$42.30 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment banking & brokerage services peer group is "buy."

Wall Street's median 12-month price target for Moelis & Co is $72.00, about 3.3% above its April 28 closing price of $69.69

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)