Moelis (MC) reported earnings 30 days ago. What's next for the stock?
In the last few months, the LVMH share price has recovered as investors believe that the recent downturn in the luxury market is coming to an end. On Wednesday, the stock was priced at €685, which is more than 10% lower than its peak this year, but it has increased by 21% since its lowest point in November.
Moelis (MC) shares have begun to rise and could keep increasing soon, based on positive changes in earnings forecasts.
Is Moelis (MC) a strong choice for momentum investors? Let's take a closer look.
Moelis (MC) reported quarterly earnings of $1.18 per share, which is higher than the Zacks Consensus Estimate of $0.46 per share. In comparison, the company had a loss of $0.06 per share during the same period last year.
Moelis (MC) could see an increase in its stock price due to rising confidence in its earnings potential, as shown by its upgrade to a Zacks Rank #1 (Strong Buy).
On January 31, 2024, MC, RITM, and TWO were included in the Zacks Rank #1 (Strong Buy) list of income stocks.
On January 29, 2024, RITM, MC, and PX were included in the Zacks Rank #1 (Strong Buy) list of income stocks.
Is Moelis (MC) a strong choice for momentum investors? Let's take a closer look.
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