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

Moelis & Company

24/04/2024 23:21

* Moelis & Co  MC.N  reported quarterly adjusted earnings of
22
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 5
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 13 cents per share. Wall Street expected
results to range from 1 cents to 23 cents per share.
    * Revenue rose 17.4% to $217.49 million from a year ago;
analysts
expected $219.31 million. 
    * Moelis & Co's reported EPS for the quarter was 22 cents​.
    * The company reported quarterly net income of $16.57
million.
    * Moelis & Co shares had fallen by 3.8% this quarter and
lost 2.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3,175%
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 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 April 24 at
10:21 p.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
 Mar. 31 2024      0.13           0.22           Beat
 Dec. 31 2023      -0.11          -0.06          Beat
 Sep. 30 2023      0.03           -0.15          Missed
 Jun. 30 2023      -0.01          -0.04          Missed