Moelis & Co reports results for the quarter ended in September 30 - Earnings Summary

Moelis & Company

24/10/2024 03:58

* Moelis & Co  MC.N  reported quarterly adjusted earnings of
22
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -15 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 15 cents to 30 cents per share.
    * Revenue fell 1.4% to $273.76 million from a year ago;
analysts
expected $273.19 million. 
    * Moelis & Co's reported EPS for the quarter was 22 cents​.
    * The company reported quarterly net income of $16.89
million.
    * Moelis & Co shares had risen by 2.7% this quarter and
gained 25.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.4%
in the last three months.​ 
    * In the last 30 days, six 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," 6
"hold" and 3 "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
$65.00 
This summary was machine generated from LSEG data October 24 at
02:58 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
 Sep. 30 2024      0.21           0.22           Beat
 Jun. 30 2024      0.11           0.22           Beat
 Mar. 31 2024      0.13           0.22           Beat
 Dec. 31 2023      -0.11          -0.06          Beat