Moelis Q2 Adj EPS $(0.04) Misses $(0.01) Estimate, Sales $182.24M Miss $185.56M Estimate
Portfolio Pulse from vinayak@benzinga.com
Moelis (NYSE:MC) reported Q2 losses of $(0.04) per share, missing the analyst consensus estimate of $(0.01) by 300 percent. This is a 107.02 percent decrease over earnings of $0.57 per share from the same period last year. The company also reported quarterly sales of $182.24 million, missing the analyst consensus estimate of $185.56 million by 1.79 percent, a 23.25 percent decrease over sales of $237.44 million the same period last year.
July 26, 2023 | 8:39 pm
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Moelis reported a significant decrease in Q2 earnings and sales, missing analyst estimates. This could negatively impact the company's stock in the short term.
Moelis reported a significant decrease in Q2 earnings and sales, missing analyst estimates. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100