Moelis Q2 adjusted revenue rises driven by higher average fees
MC•Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | $409.39 mln | ||
| Q2 Adjusted Revenue | Beat | $409.39 mln | $385.48 mln (8 Analysts) |
| Q2 Adjusted EPS | Beat | $0.63 | $0.62 (10 Analysts) |
| Q2 EPS | $0.62 | ||
| Q2 Adjusted Net Income | Beat | $54.08 mln | $52.31 mln (7 Analysts) |
| Q2 Net Income | $55.13 mln |
Outlook and operating drivers
The company expects continued expansion of advisory capabilities with additional Managing Directors joining this year.
Moelis sees strong client engagement and momentum in transaction activity.
- Higher fees - Revenue growth driven by higher average fees per completed transaction
- Expanded headcount - Compensation and benefits expenses increased due to higher headcount
- Business expansion costs - Non-compensation expenses rose due to increased deal-related travel, new office space, professional fees, and technology investments
Analyst coverage and valuation
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell".
