* Moelis & Co MC.N reported quarterly adjusted earnings of
$1.18 per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of -6
cents. The mean expectation of nine analysts for the quarter
was for earnings of 49 cents per share. Wall Street expected
results to range from 38 cents to 65 cents per share.
* Revenue rose 104.2% to $438.72 million from a year ago;
analysts
expected $340.62 million.
* Moelis & Co's reported EPS for the quarter was $1.15.
* The company reported quarterly net income of $89.4
million.
* Moelis & Co shares had risen by 5.0% this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 22.9%
in the last three months.
* In the last 30 days, there have been no negative revisions
of
earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the investment
banking
& brokerage services peer group is also "hold"
Wall Street's median 12-month price target for Moelis & Co is
$78.00
This summary was machine generated from LSEG data February 6 at
12:55 a.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2024 0.49 1.18 Beat
Sep. 30 2024 0.21 0.22 Beat
Jun. 30 2024 0.11 0.18 Beat
Mar. 31 2024 0.13 0.22 Beat