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Moelis (MC)
NYSE:MC
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.4Last Year’s EPS
-$0.06Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 9.14%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a generally positive outlook with strong revenue growth, a solid financial position, and promising market opportunities in M&A and private credit. However, challenges such as prolonged deal completion times, competitive hiring pressures, and an uncertain fundraising environment were noted.Company Guidance
In the recent Moelis & Company earnings call for the third quarter of 2024, the company provided guidance on several key financial metrics and business strategies. The firm reported $281 million in adjusted revenues for the quarter, contributing to $763 million for the first nine months, marking an 18% increase from the previous year. The revenue distribution consisted of approximately 60% from M&A and 40% from non-M&A activities. The compensation expense was accrued at 75% for the third quarter, and non-compensation expenses were $48 million, with expectations of similar non-compensation expenses in the fourth quarter. Moelis & Company maintained a strong balance sheet with $298 million in cash and no debt, and declared a regular quarterly dividend of $0.60 per share. Looking forward, the firm anticipates a prolonged restructuring cycle and continues to focus on capital markets, with strong demand for structured capital solutions. The company is also actively recruiting talent in strategic areas and aims to leverage its expertise across products, sectors, and regions for long-term growth.Revenue Growth
Moelis & Company reported $281 million in adjusted revenues for the third quarter and $763 million for the first nine months, marking an 18% year-over-year increase driven by growth across all major product areas.
Strong Balance Sheet
The company maintains a strong balance sheet with $298 million in cash and no debt, alongside a quarterly dividend of $0.60 per share.
Positive M&A Market Outlook
Gradual improvement in the M&A market noted, with equity market valuations at or near all-time highs and signs of an approaching up cycle.
Private Credit Market Opportunity
The rise of private credit is providing competition to legacy banks, with strong demand for structured capital solutions observed.
Talent Acquisition
Recruiting efforts are active, including the addition of a biotech MD, enhancing expertise across sectors.
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MC 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
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MC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $67.63 | $66.36 | -1.88% |
| Jul 24, 2024 | $61.63 | $65.58 | +6.41% |
| Apr 24, 2024 | $52.38 | $48.76 | -6.91% |
| Feb 07, 2024 | $52.49 | $53.00 | +0.97% |
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.
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FAQ
When does Moelis (MC) report earnings?
Moelis (MC) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Moelis (MC) earnings time?
Moelis (MC) earnings time is at Feb 05, 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 MC EPS forecast?
MC EPS forecast for the fiscal quarter 2024 (Q4) is $0.4.
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