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Moelis & pany(MC) - 2024 Q3 - Quarterly Results
2024-10-23 20:15
Exhibit 99.1 Moelis Moelis & Company Reports Third Quarter and First Nine Months 2024 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per Share • Third quarter GAAP revenues of $273.8 million; Adjusted revenues of $280.7 million, up 1% from the prior year period • GAAP revenues for the first nine months of 2024 were $755.8 million; Adjusted revenues of $762.8 million, up 18% from the prior year period • GAAP net income of $0.22 per share (diluted) for the third quarter and $0.61 per share (d ...
Moelis: A Lot Still Riding On A Sponsor Recovery
Seeking Alpha· 2024-10-14 23:12
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Moelis & Company's (MC) Q2 Earnings Top as Revenues Rise Y/Y
ZACKS· 2024-07-25 15:46
Moelis & Company's (MC) second-quarter 2024 adjusted earnings per share (EPS) of 18 cents handily surpassed the Zacks Consensus Estimate of 11 cents. The bottom line improved from a loss of 4 cents per share 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 $14.9 million against a loss of $13.2 million in the prior- ...
Moelis (MC) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-24 23:10
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 & pany(MC) - 2024 Q2 - Quarterly Report
2024-07-24 21:36
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 ...
Moelis & pany(MC) - 2024 Q2 - Quarterly Results
2024-07-24 20:15
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 ...
Moelis (MC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-07-17 15:09
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 ...
Why Is Moelis (MC) Up 12.7% Since Last Earnings Report?
zacks.com· 2024-05-24 16:37
Core Viewpoint - Moelis & Company reported strong first-quarter earnings for 2024, with adjusted earnings per share significantly exceeding expectations, but faced challenges with rising expenses and downward revisions in estimates [2][4][7]. Financial Performance - Adjusted earnings per share for Q1 2024 were 22 cents, surpassing the Zacks Consensus Estimate of 11 cents and up from 5 cents in the prior-year quarter [2]. - Net income on a GAAP basis was $17.5 million, a substantial increase from $3.6 million in the prior-year quarter [3]. - Total revenues grew 15% year over year to $217.5 million, driven by increased fees from restructuring and capital markets transactions, although it fell short of the Zacks Consensus Estimate of $222.7 million [4]. - Total operating expenses rose 12% to $211.7 million, attributed to higher compensation and benefits costs as well as non-compensation expenses [4]. - Other income was reported at $4.2 million, up from $1.7 million in the prior-year quarter [5]. - As of March 31, 2024, the company had cash and liquid investments totaling $124.9 million, with no debt or goodwill [5]. Outlook - Management anticipates adjusted non-compensation expenses to be nearly $46 million per quarter [6]. - Recent estimates for the company have trended downward, with a significant shift of -42.55% in consensus estimates [7]. - Moelis holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [9]. Industry Comparison - Moelis operates within the Zacks Financial - Investment Bank industry, where Goldman Sachs has seen a 9.1% increase in stock price over the past month [10]. - Goldman Sachs reported revenues of $14.21 billion for the last quarter, reflecting a year-over-year increase of 16.3%, with an EPS of $11.58 compared to $8.79 a year ago [10]. - For the current quarter, Goldman is projected to post earnings of $8.87 per share, indicating a 188% change from the year-ago quarter, with a Zacks Rank 1 (Strong Buy) [11].
Passive Income Investors Take Note: Wall Street Has Upside All Over This 4.2% Dividend Stock
24/7 Wall Street· 2024-04-30 17:59
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) Q1 Earnings Top as Revenues Rise Y/Y
Zacks Investment Research· 2024-04-25 12:01
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 ...