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Marcus & Millichap Inc (MMI)
NYSE:MMI
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.26Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 14, 2025
|% Change Since: 0.56%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
Marcus & Millichap reported a strong fourth quarter with the highest revenue in two years, significant growth in brokerage and financing revenue, and a return to profitability. However, challenges remain due to interest rate volatility, talent retention issues, and market uncertainty affecting acquisitions. Despite these challenges, the company's strong cash position and improved cost management provide a positive outlook.Company Guidance
During the call, Marcus & Millichap reported strong performance for the fourth quarter of 2024, marking the highest quarterly revenue in two years at $240 million, a 44% increase compared to the previous year. Adjusted EBITDA was recorded at $18 million, with a net income of $8.5 million. For the full fiscal year, revenue grew by 8% to approximately $700 million, although the company faced a net loss of $12 million. The brokerage revenue saw a 40% increase, with transaction count up by 23% and transaction volume growth of 41%. Financing revenue nearly doubled, with a 139% increase in volume, due to expanded operations and increased access to lenders. The company's strategic efforts led to a higher than average closing ratio of deals, contributing to the strong results. The company closed 7,800 transactions amounting to $43.6 billion in volume, marking gains of 4% and 14% respectively over 2023. Despite challenges in the interest rate environment, Marcus & Millichap expressed cautious optimism for incremental transaction growth in 2025, highlighting ongoing investments in technology, talent acquisition, and strategic acquisitions to drive long-term growth.Highest Quarterly Revenue in Two Years
Revenue for Q4 2024 was $240 million, up 44% compared to last year.
Significant Increase in Brokerage and Financing Revenue
Brokerage revenue increased 40% and financing revenue nearly doubled in Q4 2024.
Strong Performance in Larger Transactions
Revenue from middle market and larger transactions accelerated 56% and 88% respectively.
Improved Cost Management
SG&A as a percentage of revenue decreased by more than 13 percentage points compared to the prior year.
Return to Profitability
Net income for Q4 2024 was $8.5 million compared to a net loss of $10.2 million in the prior year.
No Debt and Strong Cash Position
The company remains well-capitalized with $394 million in cash, cash equivalents, and marketable securities.
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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
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MMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 14, 2025 | $37.27 | $39.30 | +5.45% |
| 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% |
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 Marcus & Millichap Inc (MMI) report earnings?
Marcus & Millichap Inc (MMI) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is Marcus & Millichap Inc (MMI) earnings time?
Marcus & Millichap Inc (MMI) earnings time is at May 02, 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 2025 (Q1) is -0.04.
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