Moelis Q2 2024 Adj EPS $0.18 Beats $0.11 Estimate, Sales $264.586M Beat $227.373M Estimate
Portfolio Pulse from Benzinga Newsdesk
Moelis (NYSE:MC) reported Q2 2024 adjusted EPS of $0.18, beating the $0.11 estimate by 63.64%. Sales were $264.586M, surpassing the $227.373M estimate by 16.37%. This marks a 550% increase in EPS and a 45.18% rise in sales compared to the same period last year.
July 24, 2024 | 8:48 pm
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POSITIVE IMPACT
Moelis reported strong Q2 2024 earnings with an adjusted EPS of $0.18, significantly beating the $0.11 estimate. Sales also exceeded expectations, coming in at $264.586M. This performance represents a substantial improvement over the same period last year, with a 550% increase in EPS and a 45.18% rise in sales.
The significant beat on both EPS and sales estimates, along with substantial year-over-year growth, is likely to positively impact Moelis' stock price in the short term. Investors will view this as a strong performance, boosting confidence in the company's financial health and future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100