Moelis & Co reports results for the quarter ended in June - Earnings Summary

Moelis & Company

25/07/2024 01:13

* Moelis & Co  MC.N  reported quarterly adjusted earnings of
18
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -4
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 11 cents per share. Wall Street expected
results to range from 9 cents to 12 cents per share.
    * Revenue rose 45.2% to $264.59 million from a year ago;
analysts
expected $227.37 million. 
    * Moelis & Co's reported EPS for the quarter was 17 cents​.
    * The company reported quarterly net income of $13.16
million.
    * Moelis & Co shares had risen by 13.9% this quarter and
gained 15.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the investment
banking
& brokerage services peer group is  "sell."

Wall Street's median 12-month price target for Moelis & Co is
$54.00 
This summary was machine generated from LSEG data July 25 at
12:12 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
 Jun. 30 2024      0.11           0.18           Beat
 Mar. 31 2024      0.13           0.22           Beat
 Dec. 31 2023      -0.11          -0.06          Beat
 Sep. 30 2023      0.03           -0.15          Missed