Moelis (MC) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.04 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 63.64%. A quarter ago, it was expected that this investment bank would post earnings of $0.11 per share when it actually produced earnings of $0.22, delivering a surprise of 100%. Over the last four quarters, the company has surp ...

Moelis & Company (Exact name of registrant as specified in its charter) Delaware 46-4500216 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 399 Park Avenue, 4th Floor, New York NY 10022 (Address of principal executive offices) (Zip Code) (212) 883-3800 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title Trading Symbol Name of Exchange on which registered Class A Common Stock MC New York Sto ...

Exhibit 99.1 Moelis NEW YORK, July 24, 2024 – Moelis & Company (NYSE:MC) today reported financial results for the quarter ended June 30, 2024. The Firm's second quarter GAAP revenues were $264.6 million as compared with $179.9 million in the prior year period. On an Adjusted basis, the Firm's second quarter revenues of $264.6 million increased 45% from the prior year period. The Firm reported second quarter GAAP net income of $14.9 million, or $0.17 per share (diluted). On an Adjusted basis, the Firm report ...

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. Estimate Revisions Trend Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP ...

A month has gone by since the last earnings report for Moelis (MC) . Shares have added about 12.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Moelis due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Moelis & Company's Q1 Earnings Top as Revenues Rise Y/Y Moelis ...

Passive Income Investors Take Note: Wall Street Has Upside All Over This 4.2% Dividend Stock ESB Professional / Shutterstock.com After experiencing a slowdown in 2023, M&A activity is on the comeback trail, and that is good news for advisory firms. One of the stocks poised to benefit from the positive momentum is Moelis & Co (NYSE: MC), a global investment bank that advises companies in the capital markets led by Ken Moelis. Founded in 2007 on the cusp of the Great Financial Crisis, Moelis emerged stronge ...

Moelis & Company’s (MC) first-quarter 2024 adjusted earnings per share of 22 cents handily surpassed the Zacks Consensus Estimate of 11 cents. The bottom line compared favorably with 5 cents earned in the prior-year quarter.Results benefited from a rise in revenues and other income. Also, the company had a solid liquidity position in the quarter. However, an increase in expenses acted as an undermining factor.Net income (GAAP basis) was $17.5 million, up substantially from $3.6 million in the prior-year qua ...

Company Participants Conference Call Participants Operator To begin, IÂ'll turn the call over to Mr. Matt Tsukroff. Good afternoon, and thank you for joining us for Moelis & CompanyÂ's first quarter 2024 financial results conference call. On the phone today are Ken Moelis, Chairman and CEO; and Joe Simon, Chief Financial Officer. Actual results could differ materially from those currently anticipated. The firm undertakes no obligation to update any forward-looking statements. Our comments today include refe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36418 Moelis & Company (Exact name of registrant as specified in its charter) Delaware 46-4500216 (State or other jurisdiction ...

Exhibit 99.1 Moelis & Company Reports First Quarter 2024 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per Share • First quarter GAAP revenues of $217.5 million; first quarter Adjusted revenues of $217.5 million, up 17% from the prior year period • GAAP and Adjusted net income of $0.22 per share for the first quarter of 2024; GAAP and Adjusted net income includes a $0.14 per share (diluted) tax benefit • Continued to execute on our growth strategy: ― Promoted seven advisory professionals t ...