Moelis Q3 2024 Adj. EPS $0.22 Beats $0.21 Estimate, Sales $280.730M Beat $273.187M Estimate
Portfolio Pulse from Benzinga Newsdesk
Moelis reported Q3 2024 earnings per share of $0.22, surpassing the analyst estimate of $0.21. The company's sales were $280.73 million, exceeding the expected $273.187 million and marking a 1.10% increase from the previous year.
October 23, 2024 | 8:22 pm
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Moelis reported better-than-expected Q3 2024 earnings, with EPS of $0.22 beating the $0.21 estimate and sales of $280.73M surpassing the $273.187M estimate. This performance indicates positive momentum for the company.
Moelis' Q3 2024 earnings exceeded expectations, with both EPS and sales beating analyst estimates. This positive earnings surprise is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100