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Moelis (MC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Moelis had a strong quarter, driven by capital markets and restructuring. We are a bit concerned about the sustainability of ECM and DCM activities. The firm is heavily reliant on a sponsor market recovery which still is facing challenges. We think market multiples reflect that a lot is riding on the sponsor recovery for Moelis, something we'd prefer not to bet on right now.
NEW YORK--(BUSINESS WIRE)-- #Moelis--Moelis & Company to Announce Third Quarter 2024 Financial Results and Host a Conference Call on October 23, 2024.
Moelis & Company's (PB) second-quarter earnings beat estimates on the back of higher revenues and other income, given higher transaction completions. However, higher operating expenses hurt.
Moelis & Company (NYSE:MC ) Q2 2024 Earnings Conference Call July 24, 2024 5:00 PM ET Company Participants Matt Tsukroff - Investor Relations Kenneth Moelis - Chairman and Chief Executive Officer Joseph Simon - Chief Financial Officer Conference Call Participants Devin Ryan - Citizens JMP Ken Worthington - JPMorgan Brennan Hawken - UBS James Yaro - Goldman Sachs Brendan O'Brien - Wolfe Research Connell Schmitz - Morgan Stanley Aidan Hall - KBW Operator Good afternoon, and welcome to the Moelis & Company's Earnings Conference Call for the Second Quarter of 2024. I'll begin the call by turning the call over to Mr.
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.
Moelis (MC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
That's investment banker Ken Moelis, founder of Moelis & Co., telling CNBC in a Wednesday interview that corporate bankruptcies and, more so, restructurings are set to accelerate as stretched companies feel the heat from the Federal Reserve's series of interest-rate hikes.
Ken Moelis, Moelis & Company founder, joins 'Squawk on the Street' to discuss where the economy is regarding a recovery in M&A, whether inflation will stay a problem later this year, and more.
Moelis (MC) reported earnings 30 days ago. What's next for the stock?