Moelis & Co expected to post earnings of 13 cents a share - Earnings Preview

Moelis & Company

22/04/2024 21:53

* Moelis & Co  MC.N   MC  is expected to show a rise in
quarterly
revenue when it reports  results on April 24 for the period
ending March 31 2024
    * The New York City-based  company is expected to report a
18.4% increase in revenue to $219.305 million from $185.3
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total Revenue)
    * ​LSEG's mean analyst estimate for Moelis & Co is for
earnings of
13 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 7.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Moelis & Co
is
$54.00​, above​ its last closing price of $53.22. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.11       -0.11      -0.06     Beat    45.1
 Sep. 30 2023  0.04        0.03       -0.15     Missed  -652.7
 Jun. 30 2023  0.00        -0.01      -0.04     Missed  -255.6
                                                        ​
 Mar. 31 2023  0.11        0.10       0.05      Missed  -48
 ​​Dec.        0.33        0.34       0.33      Missed  -1.5
 31 2022                                                
 Sep. 30 2022  0.37        0.35       0.37      Beat    5.4​
 Jun. 30 2022  0.47        0.43       0.57      Beat    31.6
 Mar. 31 2022  0.78        0.77       0.95      Beat    24.1
 This summary was machine generated April 22 at 20:53 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)