NYSE$MC

Moelis & Company · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Moelis & Company reported financial results with adjusted revenues increasing by 1% year-over-year.

Moelis & Company reported third quarter GAAP revenues of $273.8 million. Adjusted revenues increased by 1% year-over-year to $280.7 million. The firm reported GAAP net income of $0.22 per share (diluted) and Adjusted net income of $0.22 per share (diluted).

  • Third quarter GAAP revenues were $273.8 million; Adjusted revenues were $280.7 million, up 1% from the prior year period.
  • GAAP net income was $0.22 per share (diluted) for the third quarter; Adjusted net income was $0.22 per share (diluted) for the third quarter.
  • The company promoted seven advisory professionals to Managing Director and hired eight Managing Directors year-to-date.
  • The company has a strong balance sheet with cash and short-term investments of $297.7 million and no debt or goodwill.

Headline financials

Total Revenue

$274M

Previous: $272M+0.6%
EPS (adj)

$0.22

Previous: -$0.15+246.7%
Adjusted Pre-Tax Margin

9.5%

No prior period
Compensation and Benefits Ratio

75.0%

No prior period
Non-Compensation Expense Ratio

16.9%

No prior period
Capital Expenditures

-$9.78M

Previous: -$11.4M+14.3%
Net Income

$19.2M

Previous: -$11.4M+269.2%
Operating Income

$15.6M

Previous: -$20M+177.7%

Revenue & EPS history

Moelis · Revenue · Quarterly

$274M

Q3 2024+0.6%vs Q3 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

-0.1%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-2.0%

Avg return

30 days after

57%

27 / 47 earnings

Positive

+11.2%

Q3 2019

Best reaction

-17.0%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-5.3%+0.3%
Q4 2025+1.1%+2.8%-20.8%
Q3 2025-3.9%-7.0%-4.0%
Q2 2025-0.7%+0.2%+2.1%
Q1 2025+0.8%+2.2%+8.4%
Q4 2024+1.9%-2.6%-22.4%
Q3 2024-4.9%-4.8%+6.6%
Q1 2024-7.9%-8.3%+6.0%
Q3 2023+1.8%-1.0%+15.5%
Q2 2023-7.5%-5.7%-12.8%
Q1 2023-10.9%-10.4%-8.3%
Q4 2022-8.3%-1.5%-18.1%
Q3 2022-8.4%-7.0%+1.4%
Q2 2022+5.5%+7.8%+2.0%
Q1 2022+4.2%-0.1%+3.7%
Q4 2021-6.1%-9.0%-19.9%
Q3 2021-1.5%+7.6%-11.3%
Q2 2021+5.9%+7.4%+10.3%
Q1 2021-1.6%-4.4%-5.9%
Q4 2020+1.9%+3.2%+6.9%
Q3 2020+0.6%-4.7%+2.3%
Q2 2020-1.5%+0.5%+6.0%
Q1 2020-3.5%-6.0%-0.9%
Q4 2019+8.4%+6.2%-21.0%
Q3 2019+11.2%+10.2%+2.7%
Q2 2019+1.6%-4.0%-6.0%
Q1 2019-9.5%-10.7%-23.1%
Q4 2018+5.9%+4.3%-2.0%
Q3 2018-17.0%-20.4%-21.2%
Q2 2018+3.7%+2.3%-3.8%
Q1 2018+2.1%-0.8%+10.3%
Q4 2017+4.9%+5.3%+7.5%
Q3 2017-4.8%-2.2%+7.2%
Q2 2017+8.7%-1.4%-4.0%
Q1 2017+0.0%-5.7%-5.5%
Q4 2016+7.3%+8.1%+7.9%
Q3 2016+4.8%+1.2%+18.5%
Q2 2016+8.3%+10.7%+9.0%
Q1 2016-0.4%
Q4 2015+0.6%
Q3 2015+5.8%
Q2 2015+5.2%
Q1 2015-9.3%
Q4 2014-4.2%
Q3 2014+0.2%
Q2 2014+1.8%
Q1 2014+0.5%
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012

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