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Why Moelis (MC) Might be Well Poised for a Surge
ZACKS· 2025-02-11 18:21
Investors might want to bet on Moelis (MC) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this investment bank is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revi ...
Are You Looking for a Top Momentum Pick? Why Moelis (MC) is a Great Choice
ZACKS· 2025-02-11 18:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Moelis & Company's Q4 Earnings Beat on Higher Revenues, Stock Up 2.9%
ZACKS· 2025-02-06 12:53
Moelis & Company (MC) shares gained 2.9% in after-hours trading following the release of its better-than-expected fourth-quarter and full-year 2024 results. Adjusted earnings for the quarter of $1.18 per share surpassed the Zacks Consensus Estimate of 46 cents by a huge margin. The bottom line improved from a loss of 6 cents per share in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results benefited from a rise in revenues and other income. Also, the compan ...
Moelis & pany(MC) - 2024 Q4 - Earnings Call Transcript
2025-02-06 01:48
Moelis & Company (NYSE:MC) Q4 2024 Earnings Call Transcript February 5, 2025 5:00 PM ET Company Participants Matt Tsukroff - Investor Relations Ken Moelis - Founder, Chairman and Chief Executive Officer Joseph Simon - Chief Financial Officer Conference Call Participants Devin Ryan - Citizens JMP James Yaro - Goldman Sachs Brennan Hawken - UBS Brendan O'Brien - Wolfe Research Ryan Kenny - Morgan Stanley Ken Worthington - JPMorgan Operator Good afternoon. And welcome to the Moelis & Company's Earnings Confere ...
Moelis (MC) Tops Q4 Earnings and Revenue Estimates
ZACKS· 2025-02-06 00:10
Moelis (MC) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 156.52%. A quarter ago, it was expected that this investment bank would post earnings of $0.20 per share when it actually produced earnings of $0.22, delivering a surprise of 10%.Over the last four quarters, the company has surpa ...
Moelis & pany(MC) - 2024 Q4 - Annual Results
2025-02-05 21:15
Exhibit 99.1 Moelis & Company Reports Fourth Quarter and Full Year 2024 Financial Results; Increases Quarterly Dividend 8% to $0.65 Per Share NEW YORK, February 5, 2025 – Moelis & Company (NYSE:MC) today reported financial results for the fourth quarter and full year ended December 31, 2024. The Firm's fourth quarter revenues were $438.7 million and represented an increase of 104% from the prior year period. The Firm reported fourth quarter GAAP net income of $99.8 million, or $1.15 per share (diluted). On ...
All You Need to Know About Moelis (MC) Rating Upgrade to Strong Buy
ZACKS· 2025-01-31 18:01
Moelis (MC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power ...
Moelis (MC) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-01-29 16:05
Wall Street expects a year-over-year increase in earnings on higher revenues when Moelis (MC) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 5. On th ...
LVMH achieves a solid performance despite an unfavorable global economic environment
Globenewswire· 2025-01-28 16:45
Core Insights - LVMH Moët Hennessy Louis Vuitton reported a revenue of €84.7 billion in 2024, reflecting a 1% organic growth despite a challenging economic environment [1][9] - The company demonstrated resilience with a profit from recurring operations of €19.6 billion and an operating margin of 23.1%, significantly above pre-Covid levels [2][9] - LVMH's net profit was €12.6 billion, and free cash flow increased by 29% to €10.5 billion [2][9] Financial Performance - Revenue for 2024 was down 2% reported but up 1% organically compared to 2023 [9] - Profit from recurring operations decreased by 14% year-over-year [9] - The Group's net financial debt reduced by 14%, while equity increased by 11% [9][10] Business Segment Performance - **Wines & Spirits**: Revenue decreased by 11% reported and 8% organically, with a significant drop in profit from recurring operations by 36% due to exchange rate fluctuations [9][12] - **Fashion & Leather Goods**: Revenue was down 3% reported and 1% organically, with a 10% decline in profit from recurring operations [9][13] - **Perfumes & Cosmetics**: Achieved a 2% increase in revenue reported and 4% organically, with a 6% decrease in profit from recurring operations [9][14] - **Watches & Jewelry**: Revenue decreased by 3% reported and 2% organically, with a 28% drop in profit from recurring operations [9][16] - **Selective Retailing**: Revenue grew by 2% reported and 6% organically, with stable profit from recurring operations [9][17] Strategic Initiatives - LVMH's partnership with the Paris 2024 Olympic and Paralympic Games highlighted its commitment to excellence and showcased French craftsmanship [3] - The company made significant progress under its LIFE 360 environmental program, achieving a 55% reduction in GHG emissions two years ahead of schedule [10] - LVMH continues to focus on innovation and investment to reinforce its leadership in the luxury market [18][19] Future Outlook - The company remains confident in its strategy for 2025, emphasizing brand development, innovation, and quality [18][19] - A proposed dividend of €13 per share reflects the company's strong financial position [20]
Moelis (MC) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-01-24 18:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...