Moelis & Company Q3 2023 Adj EPS $(0.15) Misses $0.03 Estimate, Revenue $272.2M Beats $252.671M Estimate
Portfolio Pulse from Benzinga Newsdesk
Moelis & Company reported Q3 2023 adjusted EPS of $(0.15), missing the estimate of $0.03. However, the company's revenue of $272.2M surpassed the estimate of $252.671M.
November 02, 2023 | 8:45 pm
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NEGATIVE IMPACT
Moelis & Company's Q3 2023 earnings missed estimates, but revenue beat expectations.
Moelis & Company's lower than expected earnings per share (EPS) could negatively impact the company's stock price in the short term. However, the higher than expected revenue could offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100