Moelis MC is set to give its latest quarterly earnings report on Wednesday, 2024-10-23. Here’s what investors need to know before the announcement.

Analysts estimate that Moelis will report an earnings per share (EPS) of $0.24.

Moelis bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

The company’s EPS beat by $0.08 in the last quarter, leading to a 6.42% increase in the share price on the following day.

Here’s a look at Moelis’s past performance and the resulting price change:

Stock Performance

Shares of Moelis were trading at $70.64 as of October 21. Over the last 52-week period, shares are up 78.93%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Moelis visit their earnings calendar on our site.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.