Core Viewpoint - Moelis & Company reported a third-quarter 2024 adjusted EPS of 22 cents, exceeding the Zacks Consensus Estimate of 20 cents, and showing improvement from a loss of 15 cents per share in the prior year quarter [1] - The company's net income on a GAAP basis was $19.2 million, compared to a loss of $11.4 million in the same quarter last year [1] Financial Performance - Total revenues on a GAAP basis increased slightly year over year to $273.8 million, driven by a rise in M&A revenues, which offset a modest decline in non-M&A revenues, surpassing the Zacks Consensus Estimate of $269.6 million [2] - Total operating expenses on a GAAP basis decreased by 11.6% to $258.2 million, attributed to lower compensation and benefits costs as well as non-compensation expenses, while estimates for total operating expenses were $245.6 million [2] - Other income on a GAAP basis was $11.1 million, reflecting an 11.6% increase from the prior-year quarter [2] - As of September 30, 2024, the company held cash and liquid investments totaling $297.7 million, with no debt or goodwill [2] Strategic Outlook - Moelis & Company's global expansion initiatives and diverse operations across various sectors are seen as positive factors for future growth [3] - However, the company faces challenges from heightened geopolitical and macroeconomic uncertainties, along with rising expenses that may adversely affect financial performance [3] - Currently, Moelis & Company holds a Zacks Rank 4 (Sell) [3] Industry Performance - Morgan Stanley reported third-quarter 2024 earnings of $1.88 per share, exceeding the Zacks Consensus Estimate of $1.57, with solid performance in its investment banking business [4] - Goldman Sachs achieved an adjusted EPS of $8.40, surpassing the Zacks Consensus Estimate of $6.85, benefiting from strong investment banking and asset management performance [5]

Moelis (MC) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this investment bank would post earnings of $0.11 per share when it actually produced earnings of $0.18, delivering a surprise of 63.64%.Over the last four quarters, the company has surpas ...

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 September 30, 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 | --- | --- | --- | --- | |-------|-------|-----------------------------|-------| | | | | | | | | | | | | | | | | | | ...

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 ...

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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) 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 ...