Moelis & Co expected to post earnings of 21 cents a share - Earnings Preview

Moelis & Company

21/10/2024 23:09

* Moelis & Co  MC.N   MC  is expected to show a fall in
quarterly
revenue when it reports  results on October 23 for the period
ending September 30 2024
    * The New York City-based  company is expected to report a
1.6% decrease in revenue to $273.187 million from $277.67
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
21 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Moelis & Co
is
65.00​, below​ its last closing price of $70.64. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.10        0.11       0.18      Beat    71.2
 Jan. 1 2024   0.14        0.13       0.22      Beat    67.9
 Dec. 31 2023  -0.11       -0.11      -0.06     Beat    45.1​
 Sep. 30 2023  0.04        0.03       -0.15     Missed  -652.7
 ​​Jan.        0.00        -0.01      -0.04     Missed  -255.6
 1 0001                                                 
 Mar. 31 2023  0.11        0.10       0.05      Missed  -48​
 Dec. 31 2022  0.33        0.34       0.33      Missed  -1.5
 Sep. 30 2022  0.37        0.35       0.37      Beat    5.4
 This summary was machine generated October 21 at 22:08 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)