Moelis (MC) Stock

MC's third-quarter 2024 results beat estimates on higher revenues and lower operating expenses. Also, a solid liquidity position is another positive.

Moelis (MC) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to loss of $0.15 per share a year ago.

Moelis & Company (NYSE:MC ) Q3 2024 Results Conference Call October 24, 2024 5:00 PM ET Company Participants Matt Tsukroff - Investor Relations Kenneth Moelis - Chairman and Chief Executive Officer Joseph Simon - Chief Financial Officer Conference Call Participants James Yaro - Goldman Sachs Ryan Kenny - Morgan Stanley Aidan Hall - KBW Mike Brown - Wells Fargo Securities Brendan O'Brien - Wolfe Research Brennan Hawken - UBS Ken Worthington - JPMorgan Devin Ryan - Citizens JMP Operator Good afternoon, and welcome to the Moelis & Company's Earnings Conference Call for the Third Quarter of 2024. To begin, I'll turn the call over to Mr.

Moelis (MC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Moelis had a strong quarter, driven by capital markets and restructuring. We are a bit concerned about the sustainability of ECM and DCM activities. The firm is heavily reliant on a sponsor market recovery which still is facing challenges. We think market multiples reflect that a lot is riding on the sponsor recovery for Moelis, something we'd prefer not to bet on right now.

Moelis (MC) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.04 per share a year ago.

Moelis (MC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

That's investment banker Ken Moelis, founder of Moelis & Co., telling CNBC in a Wednesday interview that corporate bankruptcies and, more so, restructurings are set to accelerate as stretched companies feel the heat from the Federal Reserve's series of interest-rate hikes.

Ken Moelis, Moelis & Company founder, joins 'Squawk on the Street' to discuss where the economy is regarding a recovery in M&A, whether inflation will stay a problem later this year, and more.