Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Marcus & Millichap Inc (MMI)
NYSE:MMI
Holding MMI?
Track your performance easily
Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.02Last Year’s EPS
-$0.27Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -6.32%
|Next Earnings Date:Feb 14, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a cautiously optimistic outlook with signs of recovery in revenue and larger transaction segments, but ongoing challenges with net losses, interest rate volatility, and restrictive lending for Private Clients. While there are positive indicators, significant hurdles remain in the path to full recovery.Company Guidance
In the recent earnings call for Marcus & Millichap (MMI) regarding Q3 2024 results, the company provided a range of metrics and insights into their performance and market outlook. They reported a revenue of $169 million, marking a 4% increase from the previous year, despite an adjusted EBITDA at breakeven and a net loss of $5.4 million. The company closed over 1,300 brokerage transactions totaling $8.5 billion, with financing revenue up 19.3% and financing transactions increasing by 15%. The call highlighted significant developments, such as a 50 basis point rate cut by the Federal Reserve and improvements in private client revenue amidst tighter lending conditions. Additionally, MMI emphasized their strategic focus on talent acquisition, with initiatives like a larger internship program to counteract elevated new agent fallout rates. As they look to leverage these strategies for long-term competitiveness, they maintain a healthy balance sheet with $349 million in cash and continue their capital allocation strategy, recently returning $10 million to shareholders.Revenue Growth and Recovery Signs
Revenue for Q3 2024 was $169 million, marking a 4% increase compared to last year, indicating the first quarter with year-over-year revenue growth since the onset of the market disruption two years ago.
Middle Market and Larger Transactions
Revenue from middle market and larger transactions increased by 36% in dollar volume and 23% in the number of transactions compared to last year.
Financing Revenue Increase
Financing revenue grew 19% to $21 million during the third quarter compared to $17 million last year, with total financing volume up 12% for the quarter.
Strong Balance Sheet
The company remains well-capitalized with no debt and $349 million in cash, cash equivalents, and marketable securities.
Institutional Capital Returning
Momentum of institutional capital returning to the market continued to build during the third quarter, aiding growth in larger transactions.
---
MMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
MMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $40.18 | $42.17 | +4.95% |
| Aug 07, 2024 | $38.30 | $37.53 | -2.01% |
| May 08, 2024 | $33.13 | $33.13 | 0.00% |
| Feb 16, 2024 | $39.42 | $38.91 | -1.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Marcus & Millichap Inc (MMI) report earnings?
Marcus & Millichap Inc (MMI) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Marcus & Millichap Inc (MMI) earnings time?
Marcus & Millichap Inc (MMI) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMI EPS forecast?
MMI EPS forecast for the fiscal quarter 2024 (Q4) is -$0.02.
---