A Preview Of Moelis's Earnings
Portfolio Pulse from Benzinga Insights
Moelis (NYSE:MC) is set to release its quarterly earnings report on July 26, 2023. Analysts estimate an earnings per share (EPS) of $-0.01. The company's past performance shows a trend of share price drops following earnings misses. Shares of Moelis were trading at $50.74 as of July 24, with an 18.38% increase over the last 52-week period.
July 25, 2023 | 6:01 pm
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NEGATIVE IMPACT
Moelis is expected to report an EPS of $-0.01 in its upcoming earnings. The company's stock has historically dropped following earnings misses.
Given the historical trend of Moelis's stock price dropping following earnings misses, and the expected negative EPS, there is a high likelihood of a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100